Bumper July for new LCV sales

Date: Monday, August 5, 2019 | Author: Sean Keywood

The UK new LCV market saw major growth in July, up by 11% year-on-year, according to figures from the Society of Motor Manufacturers and Traders (SMMT).

The biggest sales increases were seen in the 2.0-2.5t van sector, where registrations were up by 17.2%, and the 2.5-3.5t sector, by far the market’s largest, which saw a 16.9% rise.

These increases more than made up for declines in registrations of pick-ups, down by 4.6%, vans weighing less than 2.0t, down by 12.4%, and the niche 4x4 sector, down by 21.4%.

The latest figures mean the UK LCV market was up by 9% during the first seven months of 2019, compared with the same period last year.

SMMT chief executive Mike Hawes said: “Another month of growth for the new van market is welcome relief for the automotive sector as it faces multiple challenges simultaneously.

“Buyers continue to be attracted to the latest, cleanest vans, which is good news for the manufacturers that have invested significant amounts to create them, but also for the environment and exchequer.

“Buying cycles do fluctuate, however, and for this performance to continue we need an end to Brexit uncertainty, starting with a favourable deal for the industry.”

The market-leading Ford Transit Custom accounted for 3,798 registrations in July, ahead of the Ford Transit with 2,304.

The top five was completed by the Mercedes-Benz Sprinter (2,148), the Volkswagen Transporter (1,303), and the Ford Transit Connect (1,206).

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