New HGV market almost doubles in Q2 with registrations up by 46.3%

The UK’s new heavy goods vehicle (HGV) market rose 46.3% in the second quarter of 2019, with 15,605 units registered, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). A number of large orders ahead of the mandatory fitment of Smart Tachographs gave a further boost to registrations and following a strong first quarter of the year.

Registrations of rigid trucks grew by 51.9%, with both the >6-16T and >16T segments experiencing growth. Meanwhile, demand for articulated vehicles also rose, up a significant 38.1% to 6,031 units. The majority of body types saw a rise in registrations, including Tractors, the most popular segment, with demand growing 34.0%.

Tanker truck and tower wagon registrations have more than doubled since Q2 2018, up by 109.3% and 111.1% respectively. Year-to-date figures painted a similar picture, with the market growing by 34.3% to 27,464 units registered so far this year. Both rigid truck and articulated vehicle registrations saw significant growth, with 33.5% and 35.3% respectively, while tractors and tippers remained the most popular HGV.

Mike Hawes, SMMT Chief Executive, said, “A second strong quarter for truck registrations is certainly welcome news, however the swell in market size is undoubtedly due to operators choosing to expand their fleet ahead of the introduction of additional regulation. This significant performance means we may see the market level out throughout the second half of the year, especially given the role ongoing political and economic uncertainty could play in deterring further commitments to big fleet purchases.” New HGV market almost doubles in Q2 with registrations up by 46.3%

New HGV market almost doubles in Q2 with registrations up by 46.3% New HGV market almost doubles in Q2 with registrations up by 46.3% New HGV market almost doubles in Q2 with registrations up by 46.3%

New HGV market almost doubles in Q2 with registrations up by 46.3%

New HGV market almost doubles in Q2 with registrations up by 46.3%

New HGV market almost doubles in Q2 with registrations up by 46.3%

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