Pick-ups driving LCV registration results

Ford increases its market share beyond a third of all LCV registrations

New LCV registration data for September 2016 has been published today by the Society of Motor Manufacturers and Traders (SMMT), with growth of 1.9% over the same month last year.

Just under 60,000 new LCVs (under 3.5 tonnes) were registered in September, with medium and heavy vans (over 2.0 tonnes) and pick-ups responsible for the overall increase on September 2015 figures. Light vans (under 2.0 tonnes) and 4x4s recorded falls compared to the same month last year.

The story is similar for year-to-date figures. The overall LCV market is up 2.7% on the first nine months of 2015, again thanks to pick-ups – up 13.1% – and heavy vans (over 2.5 tonnes), which are running 9.8% above last year. Light vans and 4x4s are well down on last year’s results.

In news which will come as a surprise to precisely no-one, Ford once again ruled the roost in brand registrations. More interesting is the fact that Ford has increased its already dominant market share, recording a 6.5% increase in year-on-year registrations against the overall market growth of 1.9% and taking more than a third of all registrations. Volkswagen regained its customary second place as last month’s runner-up Vauxhall slipped back to fourth behind Peugeot. Citroën also slid down the rankings, from fourth last month to seventh. Mercedes-Benz and Renault also overtook Citroën, Nissan held station in eighth place and Mitsubishi jumped back into the Top Ten in ninth, while Fiat rounded out the Top Ten. Last month’s surprise seventh place, Land Rover, fell back out of the Top Ten as presumably the last Discovery 4 and Defender CV models have now been registered.

Mike Hawes, SMMT Chief Executive, said: “The month of September did not disappoint, as businesses took advantage of the new 66-plate and a range of attractive and flexible finance options.

“To maintain this high level of demand and drive fleet renewal, positive business conditions must be assured despite the long-term political and economic uncertainty.”

LCV registrations, September 2016

Stuart Masson
Stuart Massonhttp://www.thecarexpert.co.uk
Stuart is the Editorial Director of The Van Expert, which came about after the success of sister site The Car Expert. Originally from Australia, Stuart has had a passion for cars and the automotive industry for over thirty years. He spent a decade in automotive retail, and now works tirelessly to help vehicle buyers by providing independent and impartial advice.

What are your thoughts? Let us know below.

Latest articles

Be the first to know

Would you like to stay up to date with The Van Expert?