UK new light commercial vehicle (LCV) registrations grew to 22,098 units in January, a year-on-year increase of 25.8 per cent, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT).
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The growth represents the first rise in new LCV registrations since last year’s September plate change. While full-year growth is expected in 2023, January is traditionally a volatile month due to the intermittent nature of fleet renewal, with this year -6.2 per cent below pre-pandemic January 2020.
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