NEW heavy goods vehicle (HGV) registrations dropped by 32.2% in 2020, according to figures by the Society of Motor Manufacturers and Traders (SMMT).
The decline, which led to the weakest demand since 2010, is attributed to both the pandemic and a bumper 2019 when new smart tachograph legislation led to a 12.6% increase in CV sales.
Some 32,918 units over six tonnes were registered during the year, 57.7% of which were rigids, while 42.3% were articulated trucks. The industry recorded declines in both types of truck, with 7,352 fewer rigids (-27.9%) and 8,265 fewer artics (-37.2%) registered.
Ultimately, the significant fall in demand in Q2 (-73.4%) dragged down the entire year’s performance. However, progress with vaccinations and clarity over Brexit provide reasons for optimism in 2021, said Mike Hawes, SMMT chief executive.