New heavy goods vehicle (HGV) registrations fell for the first time in two years but zero-emission vehicle growth continued, according to the latest figures by the Society of Motor Manufacturers and Traders (SMMT).
Operators still registered 11,068 new HGVs between January and March, just 449 fewer units than the same period in 2023, which was the strongest start to a year since the pandemic.
Growth was recorded in rigid HGVs, with overall volumes rising 8.4% year on year to 6,327 units, the largest proportional growth seen in the six to sixteen tonnes weight category, compared with Q1 last year.
Conversely, uptake of articulated HGVs declined by -16.5% year on year to 4,741 units. As a result, the overall market shifted from being split roughly equally between the two vehicle types, to rigids taking almost six in 10 new registrations – representing a normalisation in the market following a fulfilment of pent-up demand over the past 12 months.
Demand for tractor units, the largest sector of the market, fell -16.7%, while tipper uptake also declined, by -6.3%. However, strong growth was recorded in curtainsiders (up 23.1%), flat lorries (21.6%) and box vans (20.6%). Uptake across the country was also variable, with the South West recording proportionally the largest growth in the UK, with 994 new HGVs entering service, up 11.8% on last year.
ZEV uptake reached 0.5% of overall registrations, up from 0.3% in the same quarter last year. Growth remains constricted due to a lack of operator confidence and a lengthy grant system, which means that fewer than half of all ZEV models available are currently eligible.
Mike Hawes, SMMT Chief Executive, said:
“The truck sector currently stands steady, with just a small decline in uptake compared with a very strong quarter last year. Following two solid years of market growth, however, more action is needed to sustain green fleet renewal to decarbonise UK road transport.
“Zero emission truck uptake remains a fractional part of the market but, with just over a decade until the first phase of the end of sale of fossil fuel HGVs, operators need inspirational incentives and infrastructure provision to accelerate their investments.”
Image courtesy of Mercedes-Benz Trucks UK.
