Industry News

LCV Registrations fall 23% for June 22

posted on 07/07/2022
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“It is disappointing to see June registration figures for light commercials held back by supply issues and the Russian invasion of Ukraine”, said Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), commenting on the latest SMMT’s light commercial vehicles registration figures.

All weight sectors were negative, with a huge decline of -43.7% in the popular mid-range 2.0 – 2.5 tonne vehicles. Likewise, the large van sector 2.5 -3.5t registered nearly 4000 fewer units than this time last year, showing a decline of -16.3%.

“There is no shortage of demand but due to continual component shortages, particularly with semiconductors many customers are being given delayed delivery dates of up to 12 months. Overall, this year at the halfway mark, the LCV market is down 24.6%”.

*Article Source www.rmif.co.uk

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