Driver and semi-conductor shortages contribute to fall in HGV registrations in third quarter

New heavy goods vehicle (HGV) registrations declined by 8.4% in the third quarter of 2021, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT).

The SMMT attributed the decline in part to the shortage of HGV drivers and falling production levels due to semi-conductor shortages.

The decrease saw 7,715 trucks registered, 704 fewer than the Q3 2020 total when registrations were taking place against the volatile backdrop of the Covid-19 pandemic.

Registrations also fell by 9.8% compared to what SMMT described as a “particularly weak” pre-pandemic total in 2019, which had seen orders pulled forward into Q2 ahead of the introduction of new smart tachograph regulations.

Despite the decline in Q3, performance for the year to date was still 25.3% higher than in 2020, with 27,272 vehicles registered in 2021. However this still falls short of the 2019 total by 24.3%, or 8,749 trucks.

Read more

• Slump in HGV registrations blamed on Covid and bumper 2019
• SMMT warns of “deeply concerning” drop in new HGV registrations in Q2
• New HGV registrations tumble as Covid-19 lockdown bites

Most segments saw their volumes decrease in Q3 compared to the same period in 2020, with articulated trucks falling by 13.4% and rigids by 5.0%. Tractors, which remain the most popular vehicle body type with 37.3% of the market, declined by 11.8%.

On more positive note, drop side lorries and tipper segments saw a much stronger performance, up by 20.4% and 11.0% respectively.

Mike Hawes, SMMT chief executive, said, “With operators still struggling with acute driver shortages, and global shortages of semi-conductors restricting production, it is disappointing, yet unsurprising, to see the number of registrations fall in the third quarter.

“The sector is also facing significant long-term challenges, with government confirming its ambition to end the sale of all non-zero emission HGVs by 2040.

“Manufacturers are investing billions into the latest, green technologies, but there is no single technological solution that can meet every HGV use case.

“Indeed, there may be some specific and limited instances in which electrified technologies are not yet feasible, so flexibility for the future is important. Above all else, however, the industry needs dedicated HGV infrastructure, a plan for which we still await.”