The new light commercial vehicle (LCV) market saw an increase in registrations in June 2017 following four consecutive months of decline. Demand for new vans rose by 1.8% last month.
The UK new car market has declined for a third consecutive month with 243,454 new units registered in June, according to figures released by SMMT. Registrations fell at a slower pace than in the previous two months, by -4.8%, as demand continued to stabilise following a record first quarter and the subsequent market turbulence caused by the recent changes to Vehicle Excise Duty. The market is now more in line with 2017 forecasts.
The Society of Motor Manufacturers and Traders (SMMT) exists to support and promote the interests of the UK automotive industry at home and abroad. Working closely with member companies, SMMT acts as the voice of the motor industry, promoting its position to government, stakeholders and the media.
