{"id":3558,"date":"2022-02-28T12:34:55","date_gmt":"2022-02-28T12:34:55","guid":{"rendered":"https:\/\/www.viperperformance.co.uk\/blog\/?p=3558"},"modified":"2022-02-28T12:34:55","modified_gmt":"2022-02-28T12:34:55","slug":"light-commercial-vehicle-lcv-market-declines-january-electric-van-uptake-grows","status":"publish","type":"post","link":"https:\/\/www.viperperformance.co.uk\/blog\/light-commercial-vehicle-lcv-market-declines-january-electric-van-uptake-grows\/","title":{"rendered":"Light Commercial Vehicle (LCV) market declines in January but electric van uptake grows"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The new LCV market fell by 26.9% in the first month of 2022 compared with a bumper January last year, according to the SMMT. While this was the weakest start to a year since 2013, January has historically been a volatile month due to the intermittent nature of fleet renewal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Newly registered small vans more than halved at 53.9%, while medium sized fell by 29.8%. Medium sized vehicles (those weighing over 2.5 tonnes) represent \u2154 of the LCV market. Sales of pickup trucks also declined by 17.4%, while 4x4s rose 196.8% though remaining a small fraction of the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Diesel remained the dominant fuel type for commercial vehicles (market share of 94.3%), but demand for battery-powered vans grew 21.4%. Electric vans are predicted to increase significantly this year with new model launches expected. It is estimated that 1\/16 new vans will be fully electric at the end of 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SMMT forecasts that the LCV market will grow 2% in 2022. For further information, please visit <\/span><a href=\"https:\/\/www.smmt.co.uk\/2022\/02\/lcv-market-declines-in-january-but-electric-van-uptake-grows\/\"><span style=\"font-weight: 400;\">https:\/\/www.smmt.co.uk\/2022\/02\/lcv-market-declines-in-january-but-electric-van-uptake-grows\/<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new LCV market fell by 26.9% in the first month of 2022 compared with a bumper January last year, according to the SMMT. While this was the weakest start to a year since 2013, January has historically been a &hellip; <a href=\"https:\/\/www.viperperformance.co.uk\/blog\/light-commercial-vehicle-lcv-market-declines-january-electric-van-uptake-grows\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100],"tags":[],"_links":{"self":[{"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3558"}],"collection":[{"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=3558"}],"version-history":[{"count":1,"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3558\/revisions"}],"predecessor-version":[{"id":3560,"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/posts\/3558\/revisions\/3560"}],"wp:attachment":[{"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=3558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=3558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.viperperformance.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=3558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}