UK new light commercial vehicle market grows in April
4 May 2018- New light commercial vehicle registrations rise in April, up 3.9% as 23,501 vans join British roads.
- Demand grows across all segments bar pickups, down -13.5% to 3,332 units.
- Year-to-date market declines -2.3% as monthly demand continues to fluctuate in 2018.
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Demand for new light commercial vehicle (LCVs) grew in April, rising 3.9% as the market continued to fluctuate, according to the latest figures released today by the Society of Motor Manufacturers and Traders (91ÖÆƬ³§¹ÙÍø). 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, SMMTChief 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.
