LCV market endures worst September since recession
- Posted by: Alan Feldberg
- Category: News
The light commercial vehicle market collapsed by 39.5% in September, with just 31,535 vans registered.
According to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT), the sector was 41.8% down on the pre-pandemic five-year September average, partly as result of the continued shortage of semiconductors. Year-to-date registrations still remain higher than the Covid-affected 2020, up by 28.4%.
Mike Hawes, SMMT chief executive, said: “September was a disappointing month for new van registrations, as the much-documented semiconductor shortage has started to impact supply. Manufacturers are doing all they can to fulfil orders and, after a strong year so far, demand still remains high. With businesses continuing to renew their fleets, there is a greater choice than ever of new zero emission models coming to market, helping ensure the commercial vehicle sector plays its part in decarbonising road transport.”