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LCV market up for second consecutive month

NFDA 05/02/2020

“The increase of light commercial vehicle registrations by 5.9% this January has shown confidence has returned to the market after recent political and economic uncertainties,” said Sue Robinson, Director of the National Franchised Dealers Association which represents franchised commercial vehicle and car retailers across the UK, commenting on the SMMT’s LCV registration figures.

A total of 23,557 LCVs were registered in January, with 22,236 registered in the same period last year.

Vans weighing 2.0-2.5 tonnes saw the biggest increase, rising 41.7% to 4,366 units, with under 2 tonne vans following with a 26.3% jump. 4x4s also saw an increase, moving from 126 units in 2019 to 134 this January.

However, pickups saw a -9.7% change, falling from 3,808 to 3,438 registrations, with vans weighing 2.5-3.5 tonnes seeing a small decline of -0.9% also, which could be due to supply restrictions on fleet orders.

The Ford Transit Custom was once again the most registered LCV of the month totalling 3,117 units sold, with the Ford Transit being the second highest seller at 1,897 units, spelling a good month for Ford. The Vauxhall Vivaro was the third highest seller, with 1,549 registrations.

Robinson added, “There is optimism in light commercial dealerships that the demand for clean, efficient and reliable business transport puts this sector in good stead for 2020.”

“Particularly, the jump in registrations for small and mid-size vehicles that are commonly used as service vans indicates confidence from buyers in future business prosperity.”

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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.