Post-Covid boost for HGV market in Q2 2021, but full recovery still to come
New heavy goods vehicle (HGV) registrations increased by 128.7 per cent in the second quarter of 2021, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). The increase saw some 9,493 units registered, up from 5,342 in Covid-impacted 2020. Compared to the pre-pandemic five-year average, however, truck registrations fell 20.1 per cent, as nationwide lockdown and business uncertainty continued to discourage greater investment in new equipment.