LCV sales level off

New LCV sales will hit 360,000 this year according to automotive data experts, cap hpi, meaning this year will be the first time since 2012 that LCV registrations have not topped the previous year’s registrations.

Steve Botfield, senior editor commercial vehicles and motorcycles, said, ‘There has been a steady increase in LCV registrations since 2010 with over 375,000 registrations recorded for 2016. Up until the end of June the volume of LCV registrations stood at almost 185,000 so our forecasting is predicting 15,000 less registrations for the whole of 2017 compared with last year.’

cap hpi data reveals that from 2010 to 2016 LCV registrations have grown by a total of 69%. It also shows a possible 18% increase in vehicles on a three year cycle when compared to 2016.

Diesel remains dominant for commercial vehicles with only the small van sector having an impact on registrations with EV fuel type. Limited range and payload restrictions means that electric vehicles are not in contention in the sector as a whole.