New Heavy Truck Market Drops 7% in Q3

SMMT

The UK new heavy goods vehicle market declined 7.0% in Q3 2018, according to figures released recently by the Society of Motor Manufacturers and Traders (SMMT). 9,853 heavy trucks were registered between June and September, a result of fluctuating fleet buying cycles and ongoing falls in business confidence.

Truck Sales Down in Q3 Say SMMT

Registrations of rigid trucks declined in the third quarter, down 9.8%, with a 6.0% decrease in the >6-16T segment and an 11.9% decline in the >16T segment.  Meanwhile, demand for artic vehicles also fell, by 3.1% to 4,246 units. Tractors remained the most popular vehicle, despite a 4.1% drop in demand, accounting for more than two fifths (42.8%) of the market. Skip loaders and box vans were the only segments to record growth in the quarter, up 11.1% and 2.4% respectively.

It was a similar picture in the year-to-date figures, with overall HGV registrations falling -7.5% to 30,308 units, with declines in demand for both rigids (-9.9%) and artics (-4.1%).

Mike Hawes, SMMT Chief Executive, said, “While fluctuating fleet buying cycles are a natural feature of the HGV market, given this quarter marks the fifth consecutive decline, there is no doubt that a fall in operator confidence is having an impact on registrations of these big-ticket purchases. Government must address the current economic and political uncertainty if we are to get more of these high-tech, ultra-low emission vehicles on to our roads, and to ensure the sector can prosper.”

About the author

David is the Owner and Publisher of Commercial Tyre Business. With over 30 years' experience as a specialist tyre industry journalist, he first entered the tyre industry in 1987 as Editor of Tyre & Accessories. He was Editor of Tyre Trade News between 1993-96 before establishing Retreading Business in 1997. In 2004 he acquired the Malaysian tyre magazine The Tyreman, before establishing Tyre & Rubber Recycling in 2009. In addition to his publishing ventures, he was also Director of the Retread Manufacturers' Association between 2004 and 2014.

Email: commercialtyrebusiness@btconnect.com

Phone: (44) 1270 668 718

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