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There was a decline in registrations of lighter weight commercials from car-derived vans less than 2T and mid weight CV’s up to 2.5T. These vehicles are typically used in the service sector and by the self-employed to carry tools and equipment. The decline in these two sectors was down -15.7% and -20.1% respectfully and only heightens the reliance on the demand for the large 2.5 -3.5T commercials that showed growth of 13.3% in the month.
This sector is fast becoming the main contributor in the market – recording 96,241 registrations in the first 5 months of 2016 against a total LCV market figure on 155,266 units in the same period. This equates to a 62% market share for the heaviest vans.
Overall the sub 3.5T light commercial market has performed well over the last few years, however we predict it will remain a stable market with further growth limited as the market prefers to stay away from operator controlled and HGV ‘O licenced’ commercials over 3.5T.
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