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March 6, 2019

UK light commercials sales up so far in 2019

The UK new light commercial vehicle (LCV) market remained "stable" in February, with year-on-year demand growing by 1.8%, according to the latest data released by the Society of Motor Manufacturers and Traders (SMMT).

By Olly Wehring

The UK new light commercial vehicle (LCV) market remained "stable" in February, with year-on-year demand growing by 1.8%, according to the latest data released by the Society of Motor Manufacturers and Traders (SMMT).

Some 249 more vans and pick-ups left British forecourts in February (typically one of the year's smallest months due partly as it's the month before the twice-yearly registration plate year identifier changes on 1 March) compared with 2018, as strong market incentives boosted registrations.    Large vans weighing 2.5-3.5 tonnes drove growth, rising 4.2% to take 65% of market share.

Car-derived vans weighing up to 2.0 tonnes also saw an increase, up 4.6%. Meanwhile, demand for pick-ups and medium-sized vans fell, down 2.4% and 4.5% respectively.    Year to date, 36,620 new LCVs have been registered, a rise of 5.8% year on year.   Mike Hawes, SMMT chief executive, said, "While stability in the new van market in February is welcome news, it is important to remember that February is typically a quiet month, as buyers await the March plate change. The increase follows a turbulent few months for van registrations and the effect of ongoing political and economic uncertainty on business confidence is likely to result in further fluctuations throughout the year."

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