HGV sales show first quarter rise
- 18/05/2021
- Posted by: Alan Feldberg
- Category: News
New heavy goods vehicle (HGV) registrations increased by 9.5% in the first three months of 2021, according to the Society of Motor Manufacturers and Traders (SMMT).
The increase saw some 10,064 units registered in the first quarter of the year, up on 2020 albeit following a weak quarter one last year when lockdown measures introduced partway through March and fluctuations in the fleet renewal cycle subdued demand.
Articulated trucks saw the biggest increase in demand, with registrations up 25.3% to 4,528 vehicles.
Mike Hawes, SMMT chief executive, said: “The rise in truck registrations is welcome news but it does not yet signify full recovery, especially as it’s in comparison with a quarter when the first lockdown was introduced. Likewise, the nature of the fleet buying cycle for the HGV market can mean that a large fleet order can have a significant impact on any quarterly figures.
“However, fleet renewal remains the quickest way to get more of the newest, cleanest vehicles on UK roads, particularly as we strive to meet our collective environmental goals. A plan for a charging and refuelling network suitable for HGVs is pivotal for the transition to these new technologies.”
