Smaller LCV registrations plummet

New registrations of light commercial vehicles (LCVs) declined last month by 7.4% according to new research from the Society of Motor Manufacturers and Traders (SMMT). 24,968 new LCVS were registered in October.

The fall in registrations for LCVs was particularly high in smaller vans, which saw falls of 20.2%. Midweight LCVs saw a fall in registrations of 14.6%. The least worst was the long wheelbase van grouping where the fall was only 5.2%.

For the year to date, the fall was 3.5% as against 2016, with a total of 307, 647 registrations of the vehicles.

“Following the recent revision to the new van forecast, this month’s decline is not unexpected,” said Mike Hawes, SMMT chief executive. “While the market remains at a very high level, the recent decline in business confidence, caused by economic and political uncertainty, is now having an impact on van registrations.

“Government must therefore address these concerns and create the conditions necessary for the market to prosper.”

While those in Westminster posture and give sound bites, those in the real world with less faith in the political leadership than their egos would have you believe are getting nervous over Brexit. The hot air and posturing does not make for a clear sense of direction, and with a government all but on its knees while doing such touch negotiations, the core thing that business needs – strength and stability – is sorely lacking. The economy will pick up when that strength and leadership is apparent. LCV sales will grow too…

 
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