Truck sales might be booming ahead in Australia and the U.S. at the moment, however there’s been clear slowdown in the UK.
Society of Motor Manufacturers and Traders (SMMT) data released today shows a 7.0% drop in the new heavy goods vehicle (HGV) market in the third-quarter of the year.
9,853 heavy trucks were registered between June and September.
SMMT saying the dip is a result of fluctuating fleet buying cycles and ongoing falls in business confidence.
Registrations of rigid trucks declined in the third quarter, down -9.8%.
While prime mover sales also fell, by -4.1%.
Year to date, HGV registrations in the UK are also down -7.5% with 30,308 new units handed over across the first nine months of the year.
“Given this quarter marks the fifth consecutive decline, there is no doubt that a fall in operator confidence is having an impact on registrations of these big-ticket purchases.
“Government must address the current economic and political uncertainty if we are to get more of these high-tech, ultra-low emission vehicles on to our roads, and to ensure the sector can prosper.”
- Related: TIC confident of 40,000 truck sales in 2018
- Related: Japanese trio lead truck sales in October 2018
- Related: 3.2 million truck sales projected for 2018
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