SMMT: New UK HGV registrations fall -73.4% in Q2 2020

The UK’s new heavy goods vehicle (HGV) market fell -73.4% in the second quarter of 2020, with 4,151 units registered, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). While the bulk of the decline was driven by coronavirus lockdown measures, a particularly strong Q2 in 2019 – when the introduction of smart tachographs saw a large uptick in orders – contributed to this year’s decline.

Registrations of rigid trucks fell -72.6%, with both the >6-16T and >16T segments experiencing similar sharp declines. Elsewhere, demand for articulated heavy trucks fell by -74.7% to 1,525 units. While tractors continued to make up the majority of HGV registrations with a 35.9% market share, all segments saw demand halved or worse.

In the year to date, the market is now some -51.4% lower than the same period in 2019, with 14,120 fewer vehicles registered.
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