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Steep decline in new LCV registrations reported

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The UK new LCV market saw registrations fall year-on-year by 22.2% in November, according to the Society of Motor Manufacturers and Traders (SMMT).

The stark decline last month contributes to an 11.4% decline for the year-to-date.

All market segments saw registrations drop in November, with 2.5-3.5t vans down by 19.7% year-on-year, to 16,463 units, and 2.0-2.5t vans down by 20.5%, to 3,376 units.

Vans weighing less than 2.0t were down by 53.8%, to just 462 units.

Pick-up trucks were down by 34.8%, to 1,964 units, and 4x4s were down by 10.3%, to 705 units.

There was better news in the electric LCV market, which saw registrations up by 25.3% to take a 12.3% market share – the highest monthly share seen so far this year.

SMMT chief executive Mike Hawes said: “Lacklustre light commercial vehicle uptake highlights weak economic confidence, and slower fleet renewal means slower decarbonisation.

“While it is encouraging that zero emission van uptake is rising, the pace of change severely lags government ambition, and every lever must be pulled to support demand and protect industry investment – both of which are essential to our shared net zero goals.”

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