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New LCV registrations increase
Date: Monday, February 5, 2024 | Author: Sean Keywood
The UK new LCV market grew year-on-year by 8.4% in January, making 13 consecutive months of growth.
The Society of Motor Manufacturers and Traders (SMMT) said a total of 23,962 LCVs were registered during the month.
The market segment to see the biggest year-on-year growth was 2.0-2.5t vans, up by 60.9% with 5,040 registrations.
The market-leading 2.5-3.5t van segment was down by 4.5%, to 14,839 registrations, while the segment for vans weighing less than 2.0t was down by 19.8%, to 352.
Pick-up truck registrations were up by 18.2%, to 3,002, while 4x4s were up by 62.4%, to 729.
Electric van registrations were up by 19.4%, to 1,186, accounting for 4.9% of the overall market.
SMMT chief executive Mike Hawes said: “More than a year of growth shows the importance of vans to Britain’s economy, and surpassing 60,000 electric vans is a crucial step in our net zero journey.
“Industry is ready to deliver a mass market transition but buyer demand must increase massively, requiring everyone to play their part.
“Ramping up dedicated public van charging infrastructure in particular is essential for all UK businesses to be confident of making the switch, sooner rather than later.”
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