LCV market shrinks by a fifth in January
Britain’s new light commercial vehicle (LCV) market fell by -20.5 per cent in the first month of 2025 with 19,050 vans, pick-ups and 4x4s registered. Figures published by the Society of Motor Manufacturers and Traders (SMMT) show a second consecutive monthly decline following robust growth in 2024, with the motor industry association looking ahead to a tough economic backdrop and weakened business confidence to invest.