It was positive to see that demand in the Light Commercial Vehicle (LCV) market was up 1.8% in February, in what is considered to be a typically low volume month due to the upcoming plate change in March.
Year-to-date, 36,620 new LCVs have been registered, representing a rise of 5.8% on the first two months of 2018.
Larger light commercials between 2.5 and 3.5 tonnes continued to maintain an upward trend and grew by 4.2% in February. A total of 9,348 vehicles were registered. Car-derived vans weighing 2.0 tonnes also saw an increase, up 4.6%. Whilst demand for pick-ups and medium-sized vans experienced declines in registrations, down -2.4% and -4.5% respectively.
Manufacturer wise, Ford led the market at 38.3% market share with its wide range of models, followed by Volkswagen at 11.9% of the market share. The light commercial market is showing encouraging signs of stability, especially considering the challenges being faced by the industry, and it seems set to continue to perform at these levels.
To receive the monthly LCV figures please email louise.woods@rmif.co.uk
