August 2020 New LCV Registrations

August 2020 New LCV Registrations

LCV market drops by -16.1% as businesses wait for plate change

  • UK light commercial vehicle (LCV) registrations decline by -16.1% during the traditional ‘quiet’ month for registrations
  • 19,407 vans registered as businesses await plate change month and clarity over economic outlook
  • YTD sales down -36.4%, equivalent to almost 90,000 units.

Friday 4 September, 2020

The UK new light commercial vehicle (LCV) market returned to decline with a -16.1% decrease in demand, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). In total, 19,407 vans and pickups were registered during what is traditionally the quietest month of the year for registrations.

Declines were recorded in all classes of vehicles, notably vans weighing more than 2.5 to 3.5 tonnes (-18.2%) and vans weighing less than or equal to 2.0 tonnes (-35.0%). Even so, the market was more robust than originally predicted, but LCV registrations are still down by -36.4% year to date.

Mike Hawes, SMMT Chief Executive, said,

August is traditionally a quiet month as fleets wait for the new September plate, so even small volume declines can look big in percentage terms.

However, with this sector particularly sensitive to the economic outlook, which remains uncertain, we urgently need measures to restore operator confidence to invest and renew their fleets – vital for achieving the government’s environmental and air quality goals.

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Notes to Editors

About SMMT and the UK automotive industry

The Society of Motor Manufacturers and Traders (SMMT) is one of the largest and most influential trade associations in the UK. It supports the interests of the UK automotive industry at home and abroad, promoting a united position to government, stakeholders and the media.

The automotive industry is a vital part of the UK economy accounting for £82 billion turnover and £18.6 billion value added. With some 168,000 people employed directly in manufacturing and 823,000 across the wider automotive industry, it accounts for 13% of total UK export of goods and invests £3.75 billion each year in automotive R&D. More than 30 manufacturers build some 70 models of vehicle in the UK supported by 2,400 component providers and some of the world’s most skilled engineers.

More detail on UK automotive available in SMMT’s Motor Industry Facts 2019 publication at  smmt.co.uk/facts20

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