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HGV market slows down as demand normalises

SMMT: Uptake of zero-emission trucks by volume almost halved during Q3

Mark Moran
14 November 2024

 

New heavy goods vehicle (HGV) registrations fell by -6.0% in the third quarter, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).

The decline was in comparison with Q3 last year, when uptake surged above pre-pandemic levels to fulfil pent-up demand. Demand in Q3 2024 remained robust, at 26.7% above the same quarter in 2019.

Between July and September, 10,839 new HGVs joined fleets across the country, with growth recorded in rigids, rising 6.0%...

+81% more

 

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