Saturday 20th Oct 2018 - Logistics Manager Magazine

Truck market slips in 2017

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The market for heavy goods vehicles fell 2.6 per cent last year, with 45,045 trucks registered, according to the Society of Motor Manufacturers & Traders.

Demand for rigid vehicles fell five per cent in the year, with a 6.7 per cent decrease in registrations of >16T vehicles.

However, demand for artic vehicles rose slightly steady, finishing the year up 0.8 per cent at 19,510 units. Tractors continued to be the most popular choice, accounting for 43.1 per cent of the market, while dropside trucks also boosted their share, rising 9.2 per cent.

DAF maintained market leadership with a 29.5 per cent share, though its registrations were down 4.4 per cent. Mercedes saw a nine per cent increase in registrations on 2016 to take second place with a share of 16.9 per cent. Scania was third with a 15.5 per cent share.

SMMT chief Mike Hawes said: “Following two years of robust growth and the long cycles involved in heavy goods fleet renewal, it’s no surprise to see deliveries fall in 2017. However, declining operator confidence is also starting to take its toll on demand.

“To avoid long-term disruption, government must address economic and political concerns and restore the business certainty needed for this important market to prosper.”