HGV market reports third quarter dip
The UK’s new heavy goods vehicle (HGV) market declined slightly in the third quarter of 2020.
According to the Society of Motor Manufacturers and Traders (SMMT) the market was down 1.6% with 8,419 units registered.
In the year to date, the overall market remains 39.6% down on the same period in 2019, equivalent to a loss of 14,258 units year on year.
Mike Hawes, SMMT chief executive, said, “While Q3 saw some stability return to the HGV market, this may well be short-lived amid fresh autumn lockdowns across Wales and England. These lockdowns should serve as a reminder of the critical role the industry plays in keeping the country’s shelves stocked with vital supplies, and the need to provide operators with business certainty and confidence. As the end of 2020 approaches, this will mean a redoubling of efforts to secure a zero-tariff trade deal with EU, as well as promoting fleet renewal to help drive a green recovery for the sector, and the UK.”
