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New LCV registrations up, HGV down

New figures released today by SIMI show that light commercial vehicles (LCV) registrations are up 51.30 per cent (3,315) compared to February last year (2,191) and year to date are up 6.39 per cent (8,339).

Heavy goods vehicle (HGV) registrations are down 15.8 per cent (224) in comparison to February 2020 (266). Year to date HGV’s are down 9.5 per cent (563).

Commenting, Brian Cooke, SIMI director general said: “Strong pre-orders at the end of last year along with the ability to offer a click and deliver service have helped the Industry, as has the reduced VAT rate during the first two months of the year, which has brought some March sales forward.

“Looking ahead to March, with most year-end pre-orders having been fulfilled, the increased VAT rate and with the absence of vehicle hire, it is anticipated that the month ahead will be a challenging one for the Industry.

“From a health and safety perspective, the Industry has proven during the duration of the pandemic that showrooms can operate in a safe environment for their employees and customers.

“The large size of dealerships, the low average footfall, the ability to do business on a strict appointment only basis and the option of displaying vehicles outside lends itself to social distancing and safe retailing.”