New HGV registrations fall nearly 10% in second quarter

London, UK: Truck sales fell 9.4% to 10,670 registrations in the second quarter of 2018, according to new figures from the Society of Motor Manufacturers and Traders (SMMT).

A breakdown of the figures shows that demand for artics fell 13.2% to 4,365 units while registrations of rigids declined 6.5% with a 14.7% fall in the >6-16T segment and a 1.8% decrease in the >16T segment.

The SMMT blamed the fall on a “downturn in business confidence caused by ongoing political and economic uncertainty and confusion surrounding clean air zones and local regulation”.

Despite a 13.1% drop in demand, tractors remained the most popular vehicle, accounting for more than two fifths (40.8%) of the market.

Figures for the first half of 2018 painted a similar picture, down 7.8% on the same period, with 20,455 registrations so far this year. However, the decline follows a strong performance in 2017 when HGV demand reached its highest level for the period since 2008.

SMMT chief executive Mike Hawes said: “While the fall in registrations follows strong demand in 2017, this quarter marks the fourth consecutive decline for the HGV market. Ongoing political and economic uncertainty, coupled with concern around a patchwork of different local authority clean air zones, has clearly had an impact. We need the right conditions to give operators confidence to invest in their fleets, ensuring this important market can continue to prosper.”

 

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