February 2020 New LCV Registrations
UK new van market down slightly in February
- UK light commercial vehicle (LCV) market declines -2.0% after two months of growth.
- Demand for pickups and smaller commercials falls in double digits, but mid-size vans buck the trend, up 9.3%.
- Year-to-date performance remains ahead, up 2.8%, with 37,660 new LCVs registered.
Thursday 5 March, 2020
The UK new light commercial vehicle (LCV) market fell -2.0% in the second month of the year, after two successive months of growth, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). February, typically one of the year’s smallest months as many operators wait for the new March number plate, saw 14,103 new units registered.
Pickups and small vans weighing less than 2.0 tonnes experienced double-digit declines, with registrations down -10.1% and -11.1% respectively. Mid-size vans weighing 2.0-2.5 tonnes, however, bucked the trend, with demand growing 9.3%.
Larger vans weighing more than 2.5-3.5 tonnes made up the bulk of registrations, but were down
-2.8%, with 9,082 units registered. Year-to-date, however, the overall market remains ahead by 2.8% on the same period in 2019, bolstered by a strong January when almost 24,000 new models hit UK roads.
Mike Hawes, SMMT Chief Executive, said,
It is important to remember that February is usually a quiet month ahead of the March plate change. However, the dip in registrations is concerning at a time when fleet renewal is more important than ever. The upcoming Budget is an opportunity for government to bolster confidence in the market with supportive fiscal measures to encourage operators to invest in their fleets, because getting more of the latest, cleanest models onto our roads is good for business and the environment.
- February 2020
|Van registrations rolling year totals Feb 2014 to-date 2020 chart||233.88 KB||DownloadPreview|
|Van registrations rolling year totals Feb 2014 to-date 2020 chart||141.44 KB||DownloadPreview|
|Van registrations 3 5T year-to-date registrations and split Feb 20||224.50 KB||DownloadPreview|
|Van registrations 3 5T year-to-date registrations and split Feb 20||100.37 KB||DownloadPreview|
|Van bestsellers February 2020||315.56 KB||DownloadPreview|
|Van bestsellers February 2020||233.18 KB||DownloadPreview|
|Van Feb 2020_overview_month YTD||247.39 KB||DownloadPreview|
|Van Feb 2020_overview_month YTD||433.56 KB||DownloadPreview|
|SMMT monthly LCV graphics Update||128.42 KB||DownloadPreview|
|SMMT LCV registrations_February 2020||562.88 KB||Download|
|LCV registrations 4||2.14 MB||DownloadPreview|
|LCV registrations 2||6.49 MB||DownloadPreview|
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