Demand for new light commercial vehicles (LCVs) fell by -19.3% in February to 14,476 units, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).
The third consecutive monthly decline led to the month’s lowest outturn since 2020,1 with February traditionally a low volume month as many operators postpone procurement until the arrival of the new March number plate.
Electric van uptake grew by 55.1% to 1,413 units, taking 9.7% market share, but...
+89% more
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