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British HGV Market Reduces by 22.5% in Q1 of 2020

British HGV Market Q1 2020
The UK’s new heavy goods vehicle (HGV) market fell -22.5% in the first quarter of 2020, with 9,193 units registered, according to figures release by the Society of Motor Manufacturers and Traders (SMMT).

HGV Market Contracts in Q1

Fluctuations in the sector’s naturally long fleet renewal cycle, together with lockdown measures introduced partway through March affected HGV registrations, rounding off the first three months of the year down some 2,666 units.

Registrations of rigid trucks fell -12.0, driven by a double-digit percentage decline in the >16T truck segment, while trucks weig...

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