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Registration of LCVs in October increased by more than 14%
Registration of LCVs in October increased by more than 14%

Registration of LCVs in October increased by more than 14%

A surge in demand for vans and pickups meant the registration of light commercial vehicles (LCVs) increased by more than 14% in October.

The figures come from the monthly release from the Society of Motor Manufacturers and Traders (SMMT), who also detail the demand for cars, fleet and electric vehicles in their monthly data.

For LCVs, 28,494 were registered in the month of October, which is a healthy 14.1% more than the 24,968 registered in the corresponding month of 2017.

It continues a recent trend whereby the registration of LCVs has increased, both in August, and September, when a similar rise was recorded.

Although the most recent months reveal growth, there has been much fluctuation for the year; in the case of LCVs for October, there were differing fortunes.

For smaller and medium sized vans, registrations fell for the month; for those up to two tonnes in size, there was a drop of almost a quarter, while for the medium-sized, a decline of 14.8% was recorded.

However, these were offset by huge gains for 2.5-3.5 tonne vans; almost 20,000 were registered in October – 27.6% more than the 15,658 from October 2017.

Pickups meanwhile enjoyed a moderate rise and registration of heavier vehicles jumped by 62.7%.

Mike Hawes, Chief Executive of the SMMT, described the figures as a positive for the industry, but was quick to point to the ongoing uncertainty as a reason why fluctuations will continue.

He said: “While it is positive to see a boost for new vans in October, the growth comes on the back of a turbulent 10 months, with ongoing fluctuations in demand.

“Although the sector remains strong, we expect this trend to play out over the remainder of the year, as ongoing political uncertainty affects business confidence and hence, operator investment.”

For the year to date, the registration of LCVs is still slightly down (1.6%) from the same time of 2017.

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