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UK Heavy goods vehicle registrations in Q1 up by 21% - SMMT

Auto News - Published on Tue, 21 May 2019

Image Source: SteelGuru
The UK’s new heavy goods vehicle market increased 21.2% in the first quarter of 2019, with 11,859 units registered, according to figures released by the Society of Motor Manufacturers and Traders. A number of large orders and strong market incentives helped drive registrations following flat performances in 2017 and 2018. Registrations of Rigid trucks grew by 12.9%, with both the >6-16T and >16T segments experiencing growth. Meanwhile, demand for articulated vehicles also rose, up a significant 32.3% to 5,520 units.

The majority of body types saw a rise in registrations, including Tractors, the most popular segment, with demand growing 30.2%. Tippers and Box Vans also experienced uplifts, of 18.2% and 64.4% respectively.

Mr Mike Hawes, SMMT Chief Executive, said that “The significant rise in truck registrations is certainly welcome news but it is important to remember that large fleet orders can have a big impact on this relatively small volume market. Despite the increase in demand, ongoing political and economic uncertainty is still a significant factor for businesses and we may see the market level out throughout 2019.”

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Posted By : Rabi Wangkhem on Tue, 21 May 2019
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