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July sees new LCV market stabilise

Builds on June’s positive results

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The latest figures released by the Society of Motor Manufacturers and Traders (SMMT) show that registrations of new LCVs grew by 1.1% in July.

Last month’s results follow a positive June which saw the market grow for the first time since January. July saw a total of 24,766 new LCVs join the UK’s roads.

Registrations of vans weighing less than 2.0 tonnes were down 12.5% to 2,212 units. The 2.0-2.5-tonne van segment saw registrations up 41.4% to 4,837 units, while sales of 2.5-3.5-tonne vans were down 2.8% to 14,831 units.

SMMT new LCV registrations July 2017
Mike Hawes, SMMT Chief Executive, acknowledged that “the market is experiencing a moderate decline”

The biggest news was in the pick-up segment which saw registrations fall for the first time in 16 months. Sales were down 9.5% to 2,870 units. So far this year, nearly 30,000 new pick-ups have been registered, an increase of 14.8% on 2016.

Overall year-to-date results are down 3.1% compared to last year, with a total of 209,692 new LCVs registered.

SMMT Chief Executive Mike Hawes described July’s results as “stable” and said that the figures were “in line with the SMMT’s expectations for 2017”.

SMMT new LCV registrations July 2017
It seems that nothing can knock the Ford Transit Custom off the top of the best-seller list!
Katharine Morgan
Katharine Morgan
Katharine graduated from university with a degree in Classics. She is a former contributor to both The Car Expert and The Van Expert.

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