Source SMMT
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LIGHT commercial vehicle sales dropped -8.8% in December, capping off a mixed year for the sector, which saw a moderate decline of -1.3% in 2018.

The latest figures released by the Society of Motor Manufacturers and Traders (SMMT) show performance in 2018 was boosted by the strong showing from pickup (up 4.3%) and 4×4 (up 303.4%) models.

Overall registrations of 357,325 were still enough to make 2018 the fourth best year on record, beating industry forecasts.

Fleet buying cycles, model renewal and business uncertainty all had an impact on the market, but the December decline represents more than half of the full-year decline of -4,824 units.

SMMT Figures, New van market holds steady

Small (less than 2.0t) and medium-sized vans (2.0-2.5t) bore the brunt of the overall annual downturn, with full-year registrations of 25,070 and 50,956 accounting for -14.7% and -7.4% drops respectively. Larger vans (2.5-3.5t) matched their 2017 performance with 225,891 registered, a 0% change on last year.

Mike Hawes, SMMT Chief Executive, said: “This sector is a key indicator of business confidence in the UK, and operators need stability to renew their fleets. December’s performance was worrying, as was the overall drop in fleet purchases.

“Business confidence depends on government providing the right conditions, which first and foremost means taking a ‘No Deal’ Brexit off the table. We have a strong and competitive commercial vehicle market in the UK, one that can flourish in the right economic climate.”

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