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LCV demand remains strong in April

NFDA 07/05/2019

“Demand in the Light Commercial Vehicle (LCV) market continued its upward trend in April with registrations up 4.7%”, 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.

A total of 24,604 new vans and pick-ups were put on UK roads, driven by competitive finance offers and incentives, and the need for smaller van operators around London purchasing Euro 6 vans to comply with the new London ULEZ which came into effect on the 8 April.

Demand was strong for small vans 0-2 tonnes and large 2.5-3.5 tonnes vans. Both sectors were up 8.8% and 6.9% respectively. Demand for medium sized 2.0-2.5 tonnes vans was stable.

Manufacturer wise, Ford led the market at 31.5% market share with its wide range of models, followed by Volkswagen at 13.7% of the market share.

Robinson continues, “The light commercial market is performing exceptionally well so far this year with record growth in March and continued high demand in April.

“This is supported by a new report published last week by the SMMT which shows that number of vans on British roads has risen 59% since 2000, driven by a surge in online shopping and rises in self-employment*.

“With many new models due to enter the market this year as seen at last week’s CV show, dealers are optimistic that the LCV market will continue to thrive in Q2 of 2019.”

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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.