source smmt
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LCV sales remained stable in February, with year-on-year demand growing by 1.8%, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).

Despite being traditionally one of the slowest sales months, 249 more vans and pick-ups hit British roads in February compared with 2018, as strong market incentives boosted registrations.

Large vans weighing 2.5-3.5 tonnes drove growth, rising 4.2% to take 65.0% of market share. Car-derived vans weighing 2.0 tonnes also saw an increase, up 4.6%. Meanwhile, demand for pick-ups and medium-sized vans experienced falls in registrations, down -2.4% and -4.5% respectively.

Year-to-date, 36,620 new LCVs have been registered, representing a rise of 5.8% on the first two months of 2018.

Mike Hawes, SMMT Chief Executive, said, “While stability in the new van market is welcome news, it is important to remember that February is typically a quiet month, as buyers await the March plate change.

“The increase follows a turbulent few months for van registrations and the effect of ongoing political and economic uncertainty on business confidence is likely to result in further fluctuations throughout the year.”


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Chris Wright
Chris Wright has been covering the automotive industry nationally and internationally for 30 years. Following spells with consumer titles he became News Editor of Automotive Management (AM), Editor of Automotive International, International Editor for Detroit-based Automotive News, and Editor of Dealer Update. He has also co-authored several FT Management Reports and contributes regularly to Justauto.com

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