LCV Market Drops by -16.1% as Businesses Wait for Plate Change

LCV Market Drop

UK light commercial vehicle (LCV) registrations decline by -16.1% during the traditional ‘quiet’ month for registrations. 19,407 vans registered as businesses await plate change month and clarity over economic outlook. YTD sales down -36.4%, equivalent to almost 90,000 units. 

UK Experiences Drop in LCV Registrations 

The UK new light commercial vehicle (LCV) market returned to decline with a -16.1% decrease in demand, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). In total, 19,407 vans and pickups were registered during what is traditionally the quietest month of the year for registrations. 

Declines were recorded in all classes of vehicles, notably vans weighing more than 2.5 to 3.5 tonnes (-18.2%) and vans weighing less than or equal to 2.0 tonnes (-35.0%). Even so, the market was more robust than originally predicted, but LCV registrations are still down by -36.4% year to date. 

Mike Hawes, SMMT Chief Executive, said, “August is traditionally a quiet month as fleets wait for the new September plate, so even small volume declines can look big in percentage terms. However, with this sector particularly sensitive to the economic outlook, which remains uncertain, we urgently need measures to restore operator confidence to invest and renew their fleets – vital for achieving the government’s environmental and air quality goals.” 

About the author

Charlotte Nahon is the Communications and Digital Executive for Commercial Tyre Business. Since 2018, Charlotte has been in the Digital and Communications sector, working in Canada as well as Spain. Her degree is in Communication Studies from the University of Ottawa, and ever since graduating she has been writing for multiple sectors including automotive, energy, education, pharmaceuticals and more. 

Email: charlotte.nahon@retreadingbusiness.com

Phone: (44) 1270 668 718

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