UK new light commercial vehicle registrations shrank by -20.5% YoY in January with declines across all light commercial categories.

• Decline in demand for large and medium vans, pick-ups and 4x4s, but rise in small van uptake.
• Electric van deliveries up 12.4% but substantial growth needed to meet UK ambitious mandate.
• New 2025 outlook anticipates -1.2% market decline with rising EV uptake still short of target.