New HGV registrations tumble as Covid-19 lockdown bites


 

The UK’s market for new HGVs plummeted by more than a fifth in the first quarter of 2020 with 9,193 units registered, according to figures released today by the Society of Motor Manufacturers and Traders (SMMT). Demand for new HGVs fell by 22.5%, down by 2,666 units, which SMMT attributed to fluctuations in the sector’s long fleet renewal cycle, together with Covid-19 lockdown measures introduced partway through March. Registrations of rigid trucks fell by 12% to 5580 in the period, […]