This week saw LCV registrations accelerate 27% in September, although it’s very difficult to say if this will continue as uncertainty looms ahead.
From discussions with some of our members recently, order books appear to be strong with a few going into first quarter 2021, but the main view is this is down to businesses trying to avoid potential tariffs. This continuing uncertainty is not good for markets and investment. The possibility of a ‘no deal’ Brexit at the end of the transition period, coupled with the end of the furlough scheme at the end of this month, leaves a lot of open questions for the future. It also remains to be seen how stricter social distancing measures will affect business as we prepare for the quarter ahead.
With such uncertainty, it’s important to protect investments in the future of your business. With that in mind, don’t forget that the deadline for applications to the SMMT Apprenticeship Support Programme is October 16. Please visit here to find out more and apply.