Healthy growth for LCV market
UK new light commercial vehicle (LCV) registrations rose 8.8% in November, the third consecutive monthly increase.
According to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT), registrations of small vans weighing less than or equal to 2.0 tonnes and medium vans weighing more than 2.0-2.5 tonnes rose by 13.7% and 13.6% respectively.
Demand for larger vans weighing more than 2.5-3.5 tonnes saw the largest growth, up 25.2%, while 4x4s and pickups saw a decrease in registrations, down 0.7% and 56.2% respectively.
Meanwhile, demand for battery electric and plug-in hybrid LCVs continued to grow, up 79.7% compared with November last year.
Mike Hawes, SMMT shief executive, said: “Growth in new van registrations, even through November’s lockdown, is welcome during these turbulent times but it’s important not to assume a long trend just yet. As regions emerge from lockdown for the final month of 2020, it’s vital that this growth translates into longer term investment in fleet renewal for the sector to help drive the economy towards recovery.”
