LCV market enjoys February surge
The UK new light commercial vehicle market grew by 22% in the second month of the year, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).
Usually one of the year’s weaker months as many operators wait for the new March number plate, 2021 saw the strongest February since 1998, with 17,205 new models hitting UK roads as demand from the construction sector and online deliveries drove new vehicle uptake.
Performance in the year-to-date is up 9.5% overall, driven entirely by demand for popular 2.5-3.5t vans with some 6,069 more of these vehicles registered in the first two months of the year.
Mike Hawes, SMMT chief executive, said: “These figures are welcome news, but it’s important to remember that February is typically a small volume month ahead of the March plate change and we want to see this growth continue throughout the year. Capitalising on this momentum will be important and an economic plan that encourages growth could help pivot the LCV market toward full recovery.
“With a clear roadmap now in place for how the nation can safely emerge out of lockdown, businesses can look to the next few months with increasing confidence and upgrade their fleets with the many latest, most efficient vans on the market.”
