CommercialFleet

Q1 HGV registrations restricted by supply chain challenges

Haultech trucks

HGV registrations fell by 2.3% in the first quarter of 2022, as supply chain and economic headwinds hamper recovery.

The market remains 17.1% behind its pre-pandemic performance in Q1 2019, according to figures from the Society of Motor Manufacturers and Traders (SMMT).

While demand for HGVs, particularly from the construction industry, has remained robust, global shortages of semiconductors and raw materials, including steel and aluminium, have restricted vehicle deliveries to fleets.

HGV registrations by quarter

Mike Hawes, SMMT chief executive, said: “Despite the myriad challenges facing the heavy goods vehicle sector, manufacturers have remained resilient, striving to fulfil order books as quickly as possible amid robust demand for the latest technology trucks.

“Despite the market’s post-pandemic recovery continuing to be frustrated by supply chain shortages and disruptions, HGV operators considering their next fleet investments are encouraged to move early to secure the new vehicles that will meet their business needs.

“The sector continues to play a crucial role in the UK economy and faces the same decarbonisation challenges as the rest of road transport. The government’s newly announced zero emission HGV demonstrator programme will provide useful guidance to help operators plan their longer term fleet strategy.”

HGV registrations Q1 2022 by weight

Registrations of rigid trucks fell by 10.1% to 4,975, accounting for just over half (50.6%) of the market, while those of articulated trucks rose by 7.4% to 4,862 units.

There was increased demand for tractors, the largest segment by volume, up 8.3% and comprising 49.1% of the market. However, all other segments saw decline, including box vans (-13.7%), tippers (-16.0%), curtain-sided trucks (-12.4%) and refuse disposal vehicles (-31.3%).

Fleet renewal cycles are more visible in these lower volume segments, according to the SMMT, with registration levels more likely to be artificially impacted by supply shortages.

Across the UK nations, uptake varied considerably. Around four in five new trucks were registered in England, which recorded a decline of 2.8%, while registrations in Scotland fell by 14.0%. Northern Ireland and Wales registered 40.8% and 8.7% more HGVs than the same period last year respectively, although they made up a combined total of only 6.3% of UK registrations.

HGV top 5 body types Q1 2022


Comment as guest


Login  /  Register

Comments

No comments have been made yet.

Related content

What's the tax liability on my van?

Calculate the BIK tax on any van on sale today with our van tax calculator

How green is your van?

Check out the CO2 emissions for new vans with our CO2 calculator?