New LCV registrations increase 7.1% in July

New LCV registrations have grown by 7.1% in July, following four months of double-digit declines during the coronavirus pandemic.

Society of Motor Manufacturers and Traders (SMMT) figures show that 27,701 new LCVs were registered in July, with growth across almost all segments when compared to July 2019.

The improvement comes against a backdrop of prolonged reduced demand, with overall LCV registrations down by 39% in the year to date, however.

The SMMT estimates that around 270,000 LCVs will be registered by the end of the year, a drop of 26.3%.

Medium-sized vans weighing 2.0 to 2.5 tonnes saw a 12.0% increase in registrations, while pick-ups recorded a 24.9% increase.

The only fall was in the light van (less than or equal to 2.0 tonnes) sector, where registrations dropped by 22.0%.

Heavy vans made up the lion’s share of overall sales, with 17,566 registrations, an increase of 5.4%.

There was also a substantial 78.1% increase in 4x4 demand, but this class of vehicle represents a very small fraction of total LCV registrations.

Mike Hawes, SMMT chief executive, said: “With lockdown restrictions rolling back and businesses restarting operations, the van market is beginning to look more positive. Growth is likely to have been driven by pent up demand and the re-emergence of sectors such as construction.

“However, these green shoots of recovery could prove fragile given the uncertain economic situation. With new technology coming to the market and the need for operators to renew their fleets, maintaining overall business confidence will be crucial.”

Best-selling vans in July 2020

Ford’s Transit Custom (pictured) was the best-selling van in July, amassing 3,405 registrations, enabling it to retain its position as the top seller year-to-date.

The Mercedes-Benz Sprinter - a favorite among grocery delivery fleets - and Ford Transit also put in a strong performance in July, achieveing 2,581 and 1,785 registations respectively.