Caution over new LCV sales despite strong September increase

Date: Monday, October 5, 2020 | Author: Sean Keywood

The UK new LCV market grew by 26.4% year-on-year in September, according to data from the Society of Motor Manufacturers and Traders (SMMT).

However, the organisation warned that this was largely due to poor sales in September 2019, when the market was affected by regulatory changes, and pointed out that the 52,096 registrations seen last month was 6.6% down on the average September figure seen between 2014 and 2018.

Last month’s strongest performing market segment year-on-year was the usual market leader, vans weighing 2.5t-3.5t, which saw registrations up by 40.9%, and accounted for well over half the overall sales total, with 31,466 units shifted.

Vans weighing 2.0t to 2.5t were up by 11.6%, with 8,897 registrations, and pick-ups were up by 10.9% to 8,668.

The niche 4x4 segment saw a 30.7% increase, with 213 registrations.

The only market segment to see a fall year-on-year was vans weighing less than 2.0t, with registrations down by 2.5% to 2,852.

For the year to date, the overall market remains down by 27.4%, with the coronavirus pandemic obviously a major factor.

SMMT chief executive Mike Hawes said: “The sector has shown incredible resilience throughout the ongoing crisis and September’s numbers indicate some confidence is returning as operators seek flexibility and lower operating costs.

“However, the context of these figures is important as the headline growth belies a very weak September 2019 and is still short of the rolling average.

“From new social distancing restrictions, to job losses as the furlough scheme comes to an end next month, and the ticking clock that is the end of the Brexit transition period, the next quarter holds myriad challenges for the industry.”

The Ford Transit Custom comfortably reclaimed its spot as the UK’s bestselling LCV in September, with 8,437 registrations.

Second place went to the Ford Transit, with 3,764 registrations, just ahead of the Ford Ranger with 3,744.

Rounding out the top five were the Volkswagen Transporter, with 2,937 registrations, and the Vauxhall Vivaro with 2,825.

August’s chart-topper, the Mercedes-Benz Sprinter, fell to sixth with 2,337 registrations, ahead of the Vauxhall Combo (2,180), the Citroen Berlingo (2,139), the Ford Transit Connect (1,952), and the Peugeot Partner (1,810).

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