HGV market surges by a fifth
- 17/05/2019
- Posted by: Alan Feldberg
- Category: News
The UK’s new heavy goods vehicle (HGV) market increased 21.2% in the first quarter of 2019, with 11,859 units registered.
This is according to figures released by the Society of Motor Manufacturers and Traders (SMMT). A number of large orders and strong market incentives helped drive registrations following flat performances in 2017 and 2018.
Registrations of rigid trucks grew by 12.9%, with both the >6-16T and >16T segments experiencing growth. Meanwhile, demand for articulated vehicles also rose, up a significant 32.3% to 5,520 units.
The majority of body types saw a rise in registrations, including Tractors, the most popular segment, with demand growing 30.2%. Tippers and Box Vans also experienced uplifts, of 18.2% and 64.4% respectively.
Mike Hawes, SMMT chief executive, said, ‘The significant rise in truck registrations is certainly welcome news but it is important to remember that large fleet orders can have a big impact on this relatively small volume market.’
