May 22, 2018

UK new light commercial vehicle market grows in April

As the market continued to fluctuate, demand for new light commercial vehicles grew in April, rising 3.9%, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).

More than 23,500 LCVs were registered by operators in the UK last month, with the growth following a substantial -18.8% decline April 2017.

Vans weighing less than 2.0-tonnes experienced the largest rise in the month, up 11.0%. Medium and heavier vans followed, up 9.2% and 5.5% respectively, while demand for pickups fell -13.5%. The performance means year-to-date registrations are holding relatively steady, down -2.3%, with 117,875 new LCVs joining British roads since January.

Mike Hawes, SMMT chief executive, said, “After last April’s double-digit decline, last month’s growth isn’t surprising. Year-on-year van market performance has fluctuated over recent months, reflecting natural variances in buying cycles and a range of new model introductions. We expect this trend to continue throughout 2018.”