14 June 2021
New heavy goods vehicle (HGV) registrations increased by 9.5% in the first three months of this year according to the latest figures released by the Society of Motor Manufacturers and Traders (SMMT).
The increase saw 10,064 units registered in the first quarter (Q1) of the year which was up 9.5% on an admittedly weak Q1 in 2020. SMMT highlighted that the growth was driven by increased demand for articulated trucks, up 25.3% to 4528 units, while tractor and tipper registrations also rose — up 26.6% and 10.8% respectively.
All other segments were, it noted, still stuck in decline amid the year-long lockdown measures affecting businesses and this has left the overall picture still 15.1% down on pre-pandemic levels in Q1 2019.
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.”
Mr Hawes went on to say that, “Fleet reneswal 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,” and he concluded that a plan for a charging and refuelling network suitable for HGVs is pivotal for the transition to these new technologies.
Details of the latest HGV registrations can be found at — www.smmt.co.uk/vehicle-data/heavy-goods-vehicle-registrations.