According to the Society of Motor Manufacturers and Traders (SMMT), the new light commercial vehicle (LCV) market shrank by -20.5% in January 2025. The new 2025 outlook anticipates a -1.2% market decline, with rising EV uptake still short of target.
January 2025 LCV Market Overview by SMMT
According to SMMT, the UK’s new LCV market fell by 20.5% in the first month of 2025, with 19,050 vehicles registered. A second consecutive monthly decline follows robust growth in 2024 and is set against a tough economic backdrop and weakened business confidence to invest.
Falling demand hit all but...
January 2025 LCV Market Overview by SMMT
According to SMMT, the UK’s new LCV market fell by 20.5% in the first month of 2025, with 19,050 vehicles registered. A second consecutive monthly decline follows robust growth in 2024 and is set against a tough economic backdrop and weakened business confidence to invest.
Falling demand hit all but...
