TOP 12 LCVs Financed in 2021
With 2022 well underway, and ahead of drivers looking at potential new LCVs this year, Close Brothers Motor Finance looks back at the most popular LCVs in the last 12 months.
Ryan Scaife, Head of Sales at Close Brothers Motor Finance said: “Despite a slower start to the LCV market due to the impact of the pandemic, 2021 ended with a huge bounce back, growing by more than a fifth (21.4%) on the previous year – almost overtaking pre-Covid levels. Although some sectors have been hit hard by the pandemic, there has been strong underlying demand from sectors – notably construction and deliveries.”
“Despite the strong demand for LCVs, there is still the possibility of market turbulence in 2022. Manufacturers continue to battle to cope with the worldwide semiconductor shortage, the LCV industry is experiencing longer lead times for new vehicles and vans, including the driver shortages that we saw towards the end of 2021, all of which are expected to linger well into 2022.”
“That said, the market remains buoyant and there continues to be opiumism among dealers, manufactures and the industry. Looking at the year ahead, with the LCV market performing well, it’s vital for dealers to continue to remain engaged particularly where customer demand lies and stock the relevant models on their forecourts. Our own data shows a significant shift in the types of LCVs that are currently being funded, in tandem with the adjustments and changes that we're also witnessing inside the industry. The Ford Transit model was in pole position as the most popular LCV financed, whilst the Nissan Navara and Citroen Relay came in at second and third place. Some models remain particularly popular amongst van drivers with Peugeot and Citroen having two models respectively in the top 12 financed LCVs.”
 Top 12 LCVs financed by Close Brothers Motor Finance in 2021 V 2020