New registrations of heavy goods vehicle (HGV) rose by 12.9 per cent year-on-year in 2021, reports the Society of Motor Manufacturers and Traders (SMMT). Growth in key industry sectors such as construction saw demand outstrip supply, with truck registrations surging following a locked-down 2020 decline of 32.2 per cent.
Registrations of new heavy goods vehicles (HGV) declined 8.4 per cent in the third quarter of 2021. According to figures released by the Society of Motor Manufacturers and Traders (SMMT), the decrease saw 7,715 trucks registered, some 704 fewer than the Q3 2020 total, which itself was volatile due to the effects of the pandemic. It was also down 9.8 per cent on a particularly weak pre-pandemic total in 2019, which saw orders pulled forward into the second quarter of the year ahead of the introduction of new smart tachograph regulations.
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