LCV sales set new record
The light commercial vehicle market recorded its busiest ever April as 30,440 new vans were registered, according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).
All vehicle segments saw artificially inflated growth rates relative to April 2020, when Covid-19 restrictions shut down much of the economy, with an eight-fold increase in total units.
Growth was primarily driven by a sustained increase in larger van acquisition. So far in 2021, heavy van registrations have almost doubled compared to the same period in 2020, up to 84,374 compared with 42,749 recorded in the first four months of last year.
Mike Hawes, SMMT chief executive, said, “Businesses are investing in new vehicles as they grow in confidence, driven by a more positive economic outlook stimulated by the vaccine rollout. There has been particular uplift in larger van uptake, both from established demand in home delivery, but also more broadly as other sectors emerge from lockdown looking to maximise their payload efficiency. With a fragile supply chain still subject to risk of disruption and ongoing Covid restrictions, there is some way to go before we can say business is back to normal, but after a very difficult year, the outlook is much brighter.”
