Commercial Overview – August 2024

According to the latest report from the SMMT, 33,066 new LCV were registered in June. That’s 1,564 (-4.5%) less than were registered in June 2023. With no real explanation for this downturn, it remains to be seen if it continues or if it’s merely a blip.

Year to date registrations remain ahead of 2023 by 7,694 units (+4.5%). However, historic data from the SMMT tells us to expect a progressive decline in new LCV registrations throughout July and August. This is attributable to the seasonal effects of holidays and the tendency for LCV operators wait for the September plate, which of course will eventually have an impact on residual values.

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