The Society of Motor Manufacturers and Traders (SMMT) reports that light commercial vehicle sales have again remained stable in February this year, with demand growing annually by 1.8%.
Even though February is historically one of the slowest sales months of the year, 249 more LCV's and pick-up trucks drove British roads in February 2019, compared with February 2018.
Large vans weighing 2.5t to 3.5t saw an increase of 4.2%, whilst car derived vans (CDV's) also saw an increase of 4.6%. However, pick-ups and smaller medium sized vans experienced declines in registrations - decreasing by 2.4% and 4.5% respectively.
Currently, 36,620 new light commercial vehicles have been registered to date in 2019, representing a rise of 5.8% over the first two months of 2018.
Mike Hawes - SMMT Chief Executive - said, “while stability in the new van market is welcome news, it is important to remember that February is typically a quiet month as buyers await the March plate change. The increase follows a turbulent few months for van registrations and the effect of ongoing political and economic uncertainty on business confidence is likely to result in further fluctuations throughout the year"