Figures released by the Society of Motor Manufacturers and Traders (SMMT) show that registrations of new LCVs plummeted 18.8% down to 22,625 units in April.
April 2017’s results contrast strongly with the figures from April 2016 which was a third consecutive month of growth, up 11.8%.
Last month, demand for vans under 2.0 tonnes was down 37.5% and for vans weighing 2.5-3.5 tonnes it was down 23.1%. In the 2.0-2.5-tonne van segment, demand dipped 0.2%.
The only segment to see an increase in sales was pickups, rising 4.5%, and continuing an upward trend. To date in 2017, sales of pickups have risen 17.6% compared to last year.
Acknowledging the decline in registrations of new LCVs, Mike Hawes, SMMT Chief Executive, said: “so long as business confidence among operators can be maintained, the SMMT expects to see the market remain at what is a historically high level over the course of the year.”