New heavy goods vehicle (HGV) registrations declined by 10.0% in 2025, with 40,504 new units registered, according to the latest data published by the Society of Motor Manufacturers and Traders (SMMT).
The Market Overview
The HGV registrations market contracted every quarter last year, reflecting a challenging economic backdrop and a normalising of fleet renewal after three years of sustained post-pandemic growth, according to SMMT.
The decline included reduced demand for tractor units, down by 4.4% to 17,758 units – albeit softened by 6.9% growth in the fourth quarter – to represent ...
The Market Overview
The HGV registrations market contracted every quarter last year, reflecting a challenging economic backdrop and a normalising of fleet renewal after three years of sustained post-pandemic growth, according to SMMT.
The decline included reduced demand for tractor units, down by 4.4% to 17,758 units – albeit softened by 6.9% growth in the fourth quarter – to represent ...
