Passenger Vehicle Growth Offsets Weaker Commercial Registrations In JulyMarket OverviewNew vehicle registrations remained broadly stable in July, with 11,663 vehicles registered, 25 more than in July 2025. Passenger vehicle registrations increased by 14.7 percent, while light commercial registrations declined by 28.2 percent and heavy commercial registrations were 20.9 percent lower. This growth has been concentrated in the passenger vehicle market, with commercial vehicle registrations remaining comparatively subdued. “Strong passenger vehicle registrations offset a significant decline in commercial vehicle registrations during the month. Passenger vehicles are currently providing the strongest support to the market, while commercial registrations remain subdued.