The UK’s new heavy goods vehicle (HGV) market fell for the first time in three years in 2024 with registrations down by -2.7%, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT).
The decline, however, including a -3.3% drop in quarter four, is compared with a strong 2023 which was the busiest year of truck fleet renewal since 2019. Indeed, with 44,988 new registrations last year, it means 2024 is the second best annual performance across...
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