HGV market down nearly a quarter
- 19/05/2020
- Posted by: Alan Feldberg
- Category: News
The UK’s new heavy goods vehicle (HGV) market fell 22.5% in the first quarter of 2020, with 9,193 units registered.
The Society of Motor Manufacturers and Traders (SMMT) attributed the fall to fluctuations in the sector’s naturally long fleet renewal cycle, together with lockdown measures introduced partway through March.
Mike Hawes, SMMT chief executive, said, “While fluctuating fleet buying cycles can have a pronounced effect on this market, heavy goods manufacturers have had to adjust business practices during lockdown period just like any other business. As we prepare for a cross-industry restart, we need to restore operator confidence to boost fleet renewal, in order to get more of the latest high-tech, low emission vehicles onto our roads.”
