LCV market down 16%
The UK new light commercial vehicle (LCV) market saw a 16.1% decrease in demand in August.
The Society of Motor Manufacturers and Traders (SMMT) reported that 19,407 vans and pickups were registered during what is traditionally the quietest month of the year for registrations. LCV registrations are down by 36.4% year to date.
Mike Hawes, SMMT chief executive, 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.”
