UK new heavy truck market off the pace in first nine months of 2018

 

The UK heavy truck market remains in recession, with registrations of HGVs at 16 tonnes and above 8% lower in the nine months of 2018, new data shows.

The European Automobile Manufacturers Association’s (ACEA) September report shows that while 231,894 new trucks at 16-tonnes and above have been registered in the EU in the first nine months of the year - a 4.5% increase on the same point in 2017 - UK registrations stand 7.9% lower compared with the same period last year at 27,025.

The latest monthly data shows that in September 2018, 3,876 new trucks at 16 tonnes and above were registered in the UK, a 6.8% decline year on year.

In comparison, Germany was essentially flat with a 0.1% decline to 5,286 registrations at the heavy end of the market in September.

However, France saw its September registrations climb 7.5% year on year to 4,021 while Poland’s market was also up by 8.6% at 2,709 new registrations.

While the EU CV market in its entirety remains larger in 2018 than in 2017, ACEA added that September saw a decline after five months of continuous growth as registrations of new vans dropped off having driven growth to this point.

According to the SMMT, UK new truck registrations were down 2.6% to 45,045 in 2017, although the brunt of this fall was experienced in rigid trucks with artic unit registrations stable year on year.