According to the Society of Motor Manufacturers and Traders (SMMT), the heavy goods vehicle (HGV) market in the UK declined in 2024, driven by falling demand for the largest HGVs, with rises in box, curtain-sided and tipper trucks.
2024 Market Report
SMMT reported that the UK’s HGV market fell in 2024 for the first time in three years, with registrations declining by 2.7%. The decline, however, including a -3.3% drop in quarter four, is compared with a strong 2023 which was the busiest year of truck fleet renewal since 2019. Indeed, with 44,988 new registrations last year, it means 202...
2024 Market Report
SMMT reported that the UK’s HGV market fell in 2024 for the first time in three years, with registrations declining by 2.7%. The decline, however, including a -3.3% drop in quarter four, is compared with a strong 2023 which was the busiest year of truck fleet renewal since 2019. Indeed, with 44,988 new registrations last year, it means 202...
