The brand new gentle industrial automobile (LCV) market recorded its fourth consecutive month of development as registrations rose by 10.5% in November, in keeping with the Society of Motor Producers and Merchants (SMMT).
It was the second greatest November recorded within the historical past of the LCV market, with 30,300 new vans, pick-ups and 4x4s registered.
Mike Hawes, SMMT Chief Govt, mentioned: “The UK gentle industrial automobile market continues to construct again after a difficult begin to the 12 months, delivering the most effective efficiency since 2021 and the unleashing of pent-up demand.
“Britain’s urge for food for zero emission vans continues to lag behind authorities ambition, nevertheless, and market share this 12 months is heading within the fallacious course.
“With warnings over UK competitiveness now translating into tangible impacts, a fast-tracked review of market regulation is essential to ensure manufacturers can deliver the choice, growth and decarbonisation the nation needs.”
Small van volumes have been up 128.6% to 999 items, medium vans rose by 9.8% to 4,999 items, and enormous van volumes elevated by 13.5% to twenty,504 items.
Registrations of 4x4s elevated by 33.4% to 786 items, however pick-up registrations fell by -20.4% to three,012 items.
Double-cab pick-ups are to be taxed as vehicles for profit in variety and capital allowances functions after April 2025. Companies that depend on these automobiles, reminiscent of Building, farming, utilities companies and the self-employed will face additional value strain.
Electrical van uptake grew for the second consecutive month after 4 months of decline, rising by 36.7% to 2,322 items. The Plug-in Van Grant will proceed for the following monetary 12 months.
Though market share rose from 6.1% to 7.7%, authorities has mandated that 10% of every model’s new van registrations have to be zero emission this 12 months. 12 months-to-date market share has barely declined in contrast with 2023, from 5.9% to five.8%.
The most recent market outlook expects quantity development of greater than 85% in 2025.
