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DaimlerTrucksThe new HGV (Heavy Goods Vehicles) market continues to perform well.

10,363 new commercial vehicles over six tonnes were put on UK roads in the first three months of this year, 19.2% more than compared to the same period in 2015, according to the latest SMMT’s truck registration figures.

It is extremely positive to see that demand for heavy trucks showed a strong and stable growth in the first quarter of 2016.

Registrations of tractor units saw a minor decline, however, tractors still represent the biggest segment of the market accounting for around 38% of all HGVs registered in the UK in Q1. This slight decline was offset by the huge increment of rigid trucks over 16 tonnes, up 48.1% supported by the increasing demand and strong growth in the construction sector.

Rigid trucks were followed by box bodied trucks, which are often used for logistics activities and distribution of goods, and tipper bodied trucks.

In addition to the overall increase of 19.2% in the UK in Q1, it is extremely encouraging to see that HGV registrations experienced a massive growth of 40% in Scotland, albeit this is a smaller market in terms of volume.

The NFDA is pleased to see that truck dealers feel confident that the HGV market will stay strong throughout the remainder of 2016, in line with last year’s result.

Posted by Sue Robinson on 27/05/2016