The Commercial Vehicle Show - logo image

18 – 20 APRIL 2023 • NEC • BIRMINGHAM • UK

The Commercial Vehicle Show - logo image
18 - 20 APRIL 2023 • NEC • BIRMINGHAM • UK

Q3 CV registrations bring a tale of two stories

The latest CV registrations figures for Q3 published by SMMT this week were a tale of two stories, but both leave cause for optimism as we head into a busy November before the holiday season.

The number of newly registered HGVs registrations grew by 30.1% to 10,034 units from July to September, overcoming a weaker first half to the year with the best quarterly growth since Q3 2021, and some 17.3% above the third quarter of pre-pandemic 2019.

The performance has driven up overall year-to-date volumes by 7.8% – that’s despite ongoing semiconductor and raw materials shortages, which have shown signs of easing this quarter, with deliveries on the rise as we move towards the Christmas peak.

Britain cannot sit on its laurels, however, with plans needed to bring greater uptake of zero emission HGVs, particularly investment in charging and refuelling infrastructure ahead of need.

The latest figures show the UK’s bus and coach market, meanwhile, declined -11.6% to 754 units in Q3 – some -43.7% below an already weak Q3 2019 amid a long-term fall in passenger numbers, which are yet to recover from the pandemic.

Single deck buses and double deckers, which are at the leading the way in urban zero emission mobility in Britain, increased by 13.2% and 36.8% respectively, but this was not able to offeset a -26.9% decline in newly registered minibuses, the largest segment by volume.

There is cause for optimism, however, with bus orders via government’s Zero Emission Bus Regional Area (ZEBRA) fund now being placed in some areas and expected to bring an uptick in the market in 2023, however, just 17 local authorities have received support at present, with 48 areas still awaiting funding.

The fund is essential to ensuring that services and ZEV fleet renewal remain on course during very tough operating conditions. Funding must reach all areas of the UK in time for the sector to deliver on the UK’s ambitious net zero targets.

Finally, thank you to everyone that attended SMMT’s Diversity, Equity and Inclusion Workshop at our Westminster office this week. Every organisation is at a different stage on the DE&I journey and it was good to hear some of the initiatives that some members are doing to encourage a more diverse workforce.

UK Automotive is undergoing an immense transformation and key to our success will be, of course, our people. Breadth and depth in skills, perspectives and experiences also gives us a competitive advantage, which has to mean enhancing our diversity and never resting until everyone feels included and valued.

 

 

Commercial Vehicle Show is owned and operated by The Commercial Vehicle Show LLP whose members are:
IRTE Services - logo image
Road Haulage Association - logo image
SMMT - logo image
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2022

 - The Commercial Vehicle Show LLP
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