Eight months of decline for new van market puts strain on EV ambitions, SMMT warns

LCV-registrations-headline

The new light commercial vehicle (LCV) market fell by 5.1% in July to 24,433 LCVs, the sector’s eighth consecutive month of decline, and the weakest July since 2022, whilst in contrast demand for electric LCVs rose by 72.6% to 2,442 in July – totalling eight months of continuous growth.

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