Used EVs had the fastest rising uptake of any powertrain in the latest SMMT statistics, soaring by 44.4%.
October figures for LCV registrations are down nearly 15%. All industry commentators blame poor business confidence and a weak economy.
Chinese brands accounted for a staggering 13% of the October new car market. A year ago they had only just passed the 5% share point.
The overall van market is running nearly 10% down and Stellantis’s four commercial vehicle brands are adding to the downturn.
September’s 13.7% jump in new car registrations is welcome, but the total is now shared between 53 listed brands.
While the overall LCV market is significantly down again in August with a 13.3% drop, Stellantis, as a group, is down 23%.
August new car stats: year-to-date is running up 2% but the three premium German brands are having a very difficult time.
There is little to celebrate in the LCV market with 14 of the 24 van brands suffering falls against the same month in 2024.