LCV registrations slump 9.6%
UK new light commercial vehicle (LCV) registrations fell by 9.6% in November, the third consecutive monthly decline.
This is according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT). Market uncertainty and regulatory changes continued to affect performance, with some 2,797 fewer models registered in the month as all van categories and 4x4s experienced double digit declines.
Mike Hawes, SMMT chief executive, said: “A third consecutive month of decline for new van registrations is concerning, particularly after growth for much of the year. Ongoing political uncertainty doesn’t help inspire business confidence but this is essential if we are to embolden further investment in new vehicles which will go a long way to improving air quality in our towns and cities.”
