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Third consecutive year of growth for HGVs14 February 2017

HGV sales rose by more than 5% in 2016, registering the third consecutive year of growth. That’s according to figures released yesterday (13 February) by the Society of Motor Manufacturers and Traders, which also revealed that HGV registrations for the final quarter of last year were up by more than 2.3% on Q4 2015. The market was fuelled by sales of rigid vehicles, with both the 6-16 tonnes and 16-tonnes and over segments notching up double-digit growth – up by 21.6% and 14.5% respectively.

Artic sales were up slightly in the final quarter of 2016 (0.7%), although they ended the year down by 7.5% overall.

Mike Hawes, SMMT chief executive, described the 2016 results for HGVs as “a positive sign”, particularly following “an exceptionally strong 2015”.

He adds: HGVs are essential for transporting vital goods around the country and their demand provides a barometer for the UK economy, so these results are certainly welcome. Looking ahead, we must ensure business uncertainty is minimised so that this success continues.” The top body type for 2016 was the tractor, followed by box van, tipper, curtainsider and RCV.

Author
Laura Cork[1]

Related Companies
Society of Motor Manufacturers and Traders Ltd[2]

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References

  1. ^ Laura Cork (www.transportengineer.org.uk)
  2. ^ Society of Motor Manufacturers and Traders Ltd (www.transportengineer.org.uk)
  3. ^ See Terms and Conditions. (www.transportengineer.org.uk)
  4. ^ contact the sales team (www.transportengineer.org.uk)

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