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Registrations in the light commercial vehicle market up by 5% in August
Registrations in the light commercial vehicle market up by 5% in August

Registrations in the light commercial vehicle market up by 5% in August

Registrations in the light commercial vehicle market are on the up, according to the latest figures.

Data for August has revealed that the light commercial vehicle market enjoyed a 5% increase in registrations – coming a month after the same market suffered a 5.9% decline.

The data is from the Society of Motor Manufacturers and Traders (SMMT), the trade association for UK motor industry.

As a caveat, it should be said that August is one of the industry’s quieter months, during which the level of registrations is far down other months, on account of the fact that September is the plate-change month.

However, in this context, it has to be seen as a positive that registrations in the light commercial market have increased when compared to the figures of August 2017.

These figures equate to 16,394 light commercial vehicles registered in August, in comparison to 15,619 the year before.

Pickups enjoyed an increase in registrations of more than a fifth and while the figures show that significant decreases were felt in some areas – such as vans between 2 to 2.5 tonnes – these losses have not adversely affected overall registrations.

This is because, as well as pickups, vans of 2.5 to 3.5 tonnes saw an increase of almost 15% in August, with in excess of 11,000 vehicles registered.

Light commercial vehicles of this size account for the largest proportion, so increases in this sector help to paint a healthy picture for the rest of the market.

The news is slightly tempered by the year-to-date figures; for all light commercial vehicles, 220,399 have been registered, 2.2% down from the same time of 2017.

One of the reasons for this is the effect business confidence is having on the market.

Commenting on the data, Mike Hawes, Chief Executive of the SMMT, said: “While year-to-date figures show the market remains at a reasonably high level, weak business confidence and uncertainty means fluctuations in demand will likely continue throughout the year.”

 

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