January 2020 New LCV Registrations

Wednesday 5 February, 2020

The UK new light commercial vehicle (LCV) market enjoyed growth in the first month of the year, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). Registrations rose +5.9% in January after three months of decline towards the end of 2019, caused by pent-up demand due to regulatory changes, as well as operators taking advantage of some compelling deals on the latest models.

Small vans weighing less than or equal to 2.0 tonnes and mid-sized vans weighing more than 2.0-2.5 tonnes led the charge, with double-digit growth for both segments at +26.3% and +41.7% respectively. 4x4s experienced a moderate growth of +6.3% while pickup registrations fell -9.7% and larger vans weighing more than 2.5-3.5 tonnes remain stable at -0.9%.

Mike Hawes, SMMT Chief Executive, said,

January’s growth is welcome news for the commercial vehicle sector. Especially welcome is the increased uptake of alternatively fuelled commercial vehicles, essential if we are to address both climate change and air quality goals. The fastest way to do this is by encouraging uptake of the latest low emission vehicles, regardless of fuel type, and business confidence remains vital for this transition.