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New HGV Registrations Decline -1.6% in Q3 2020

HGV Registrations Q3 2020
The UK’s new heavy goods vehicle (HGV) market declined slightly in the third quarter of 2020, down -1.6% with 8,419 units registered, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). The decline was far smaller than that seen in the first half thanks to the easing of the UK’s first Covid-19-enforced lockdown, balanced by an increase in demand for rigids as key sectors, including deliveries and construction, continued working throughout the pandemic. This also follows a particularly weak third quarter in 2019, which saw orders pulled forwa...

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