“Light commercial vehicle registration experiences its fifth consecutive month of decline, as global supply issues continue to frustrate the market”, said Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), commenting on the latest SMMT's light commercial vehicle registration figures.
New light commercial vehicle (LCV) registrations fell by -25.1% to 22,000 units in May, compared to the 29,354 new LCV registrations recorded in May 2021.
In comparison, the previous May was the highest on record, although the market was still below the pre-pandemic average as component shortages restricted production and deliveries to end users.
All sectors of LCVs experienced a fall in sales volumes during May. Larger vans with a GVW of 2.5 – 3.5 tonnes saw a smaller decline of -19.4%.
Demand for battery electric vehicle (BEV) vans continues to rise, with 869 registered in May, 276 more than last May. Electric van registrations for the year to date are 62.7% higher than last year, due to online delivery businesses upgrading their fleets and the influx of low emission zones around the country. The market share for EV vans is now at 5.2%, meaning that 1 in 20 vans sold are now EVs.
Ford was the market leader in May with a 39.20% share. It was followed by Vauxhall at 10.23% and then Citroen at 7.39%.
Sue Robinson added: “In a disappointing month of registration figures for May, it is positive to see that electric vehicle sales continue to increase both in the car and LCV market.
“With the planned end of sales of diesel and petrol LCVs by 2030 and the recent hike in fuel prices since the war in Ukraine, many dealers are positive about the values of promoting electric vans for lower range delivery and service purposes.”
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.