New light commercial vehicle (LCV) registrations shrank by just over 12 per cent (to 156,048 units) in the first half of 2025, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). With a -14.8 per cent drop in June, the market declined for the seventh consecutive month, rounding off the worst opening half-year performance since 2022 amid a tough economic environment and weak business confidence to invest in fleet renewal. Year-to-date performance was led by declining demand for the largest vans (by -14.8 per cent with 99,790 registered), as well as deliveries of medium sized vans, down -20.9 per cent to 26,408 units.
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