LCV registrations expected to drop says Cap HPI

For the first time since 2012, LCV registrations have not exceeded the previous years, according to automotive data experts Cap HPI.

Figures show that from 2010 to 2016 LCV registrations have grown by a total of 69 per cent and also shows a possible 18 per cent increase in vehicles on a three-year cycle when compared to 2016.

This year, registrations are expected to face a five per cent decline.

Diesel remains dominant for commercial vehicles with only the small van sector having an impact on registrations with EV fuel type.

According to Cap HPI, limited range and payload restrictions means that electric vehicles are not in contention in the sector as a whole.

Steve Botfield, senior editor commercial vehicles & motorcycles, commented: “There has been a steady increase in LCV registrations since 2010 with over 375,000 registrations recorded for 2016.

“Up until the end of June, the volume of LCV registrations stood at almost 185,000 so our forecasting is predicting 15,000 less registrations for the whole of 2017 compared with last year.”