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66-PLATE CHANGE BOOSTS GROWTH IN RETAIL AND SELF-EMPLOYED VAN MARKETSBack

CVRegLight commercial vehicle (LCV) market performed well in September with a growth of 1.9% in September with 59,857 units registered, according to the latest SMMT’s commercial vehicle registration figures.

September 66-plate change boosted demand from retail and self-employed customers as strong performances from the ‘pickup’ and mid-size vans of 2.0 – 2.5t sectors show. The ‘pickup’ sector marked eight months of consecutive growth with a strong improvement of 16.4%, while mid-size vans 2.0 – 2.5t rose 11.2%.

Large vans of 2.5-3.5t, used for distribution and home delivery business, continued to increase by 5.2% in September and they are now up 9.8% compared to last year.

Again Ford led the market with nearly 20,000 vehicles registered, this is not surprising as their range encompasses every commercial derivative in the light CV market, appealing to both retail and industrial customers’ sectors.

As businesses’ confidence remains strong with the year to date market still 2.7% higher than 2015, we are now looking forward to a positive last quarter.

Posted by Sue Robinson on 07/10/2016