UK light commercial vehicle market soars, up by 41.0% in August - CILT(UK)
You are here: Home > News > Latest News

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

Latest News


UK light commercial vehicle market soars, up by 41.0% in August

11 September 2019/Categories: CILT, Industry News, Logistics & Supply Chain


The UK new light commercial vehicle (LCV) market rose in August, up 41.0%, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 

The market has grown in every month of 2019, with 23,120 new vehicles registered in August for use on UK roads, as operators respond to regulatory changes and take advantage of some compelling deals on the latest models available in what is usually one of the year’s smallest months.

 

The only segment to have experienced a decline is 4x4s, down -34.7% in August, with pickups, small, medium and large vans all experiencing double-digit growth. Demand for small vans, weighing less than 2.0 tonnes was up 52.5%, with medium vans, weighing 2.0-2.5 tonnes and large vans, weighing 2.5-3.5 tonnes close behind, up 33.1% and 46.8% respectively. In the year-to-date the market is up 11.3% to 245,400 units.

 

Mike Hawes, Chief Executive, SMMT, said: "Another month of growth for the new van market is welcome news for the automotive sector as it faces multiple challenges simultaneously. It is important to remember, however, that any percentage increase will be on a much smaller volume market in August given it is arguably the quietest month of the year. Buyers continue to take advantage of deals on the latest and cleanest commercial vehicles on the market and it is important the business environment remains strong."

 

Print

Number of views (422)

Tags:

CILT UK


Registered Office:

Earlstrees Court, Earlstrees Road, Corby
Northants, NN17 4AX
Main Switchboard: 01536 740100

Company Registration Number: 2629347 
(A Company Limited by Guarantee)
Charity Registration Number: 1004963

© The Chartered Institute of Logistics and Transport



See what our participants
have said about our
development opportunities