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LCV demand falls -5.8 percent in June

NFDA 05/07/2018

“Light Commercial Vehicle (LCV) registrations up to 3.5 tonnes decreased -5.8% in June, reflecting insecurities in the economy and concerns over slow progress in Brexit negotiations”, said Sue Robinson, Director of the National Franchised Dealers Association which represents commercial vehicle and franchised car retailers across the UK, commenting on the SMMT’s light commercial vehicle registration figures.

All sectors in the market declined, with the only exception in the pickup market which was up 4.1%. These double-cab pick-up versions are often favoured by the self-employed, where the benefit-in-kind tax position makes these an attractive buy as a vehicle to be used for both business and pleasure.

Vans in the 2.5 – 3.5 tonne sector declined -5.6%. The particular sector accounts for over 60% of light commercial sales and are the larger vans sold to corporate fleet buyers and often used for deliveries of retail products to homes.

Robinson continues, “Factors such as road tax changes or the soon to be introduced Worldwide Harmonised Light Vehicle Test Procedure (WLTP) emission standards for cars is not due to affect commercial vehicles of this size until September 2019. Therefore this month’s figures are a true and fair reflection of the market and generally indicate the reservations and caution expressed by all business in these uncertain economic times.”

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About the RMI

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.