LCV market drops by 16.1% as businesses wait for plate change

Mercedes-Benz Sprinter

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%).

The market was more robust than originally predicted, but LCV registrations are still down by 36.4% year-to-date.

Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, 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.”

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

Best-selling vans in August 2020

Mercedes-Benz Sprinter (pictured) was the best selling van in August, amassing 3,471 registrations.

New car registrations declined by 5.8% in August, leaving the market almost 40% down year-to-date.

Comment as guest

Login  /  Register


No comments have been made yet.

Related content

What's the tax liability on my van?

Calculate the BIK tax on any van on sale today with our van tax calculator

How green is your van?

Check out the CO2 emissions for new vans with our CO2 calculator?