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Prime Mover Magazine

Record new truck sales for the month of June

The final month of the 2016-17 Financial Year managed to break a range of long-standing records for new truck sales in Australia.

According to new data by the Truck Industry Council, the total number of commercial vehicles sold in June was 3,879 units – surpassing the previous best June mark set jointly in 2007 and 2009 of 3,718 units.

“June 2007 was of course pre-Global Financial Crisis (GFC), with both the economy and truck sales booming, while the 2009 result was artificially effected by then-Federal Government GFC incentives,” TIC pointed out, saying 2009 especially was “quite forgettable” for new truck sales.

The second record that was broken in June is in the light-duty segment. 1,233 light-duty trucks were sold for the month, breaking the pre-GFC record of 1,170, which was set twelve years ago in June 2005.

Albeit not setting a new record, the heavy-duty truck segment also performed strongly in June, with 1,250 deliveries making for a 18.8 per cent jump compared to June 2016.

“Looking at quarter two 2017 in isolation, we again see a healthy performance for the heavy-duty sector,” TIC pointed out, stating some 3,014 sales were recorded between April and June, up 15.6 per cent on the previous year.

“Looking at the first half year result shows that Heavy Duty trucks sales are in a much better place in 2017, [with] 5,130 sales versus 4,510 to the end of June 2016, an improvement of 13.8 per cent.”

Meanwhile, the medium-duty segment – a surprise winner in 2016 – has been struggling to repeat last year’s result.

743 medium-duty trucks were delivered last month, down 7.9 per cent over June 2016. Year-to-date, however, medium-duty sales are only down 0.7 per cent on the 2016 half-year result.

Another record was broken in June for the light-duty segment. With 1,233 units sold, the category was up 11.8 per cent over June 2016 – surpassing the 2005 pre-GFC high of 1,170 sales by 63 trucks. Over the first half year, 5,451 light-duty trucks have been delivered, comfortably ahead of the same period in 2016 by 8.6 per cent.

Light-duty vans also performed well in June, with 653 van sales for the month, up 10.7 per cent on June 2016. At the halfway point of the year, the van tally now stands at 2,888 units, up three per cent on the previous year.

TIC President, Phil Taylor, commented, “The solid second quarter result builds on the encouraging sales seen in the first part of 2017.

“Year-to-date, we are not back to pre-GFC sales yet, [but] new truck sales are the best we have seen for nine or more years – and that is very pleasing. It has been a long road to recovery and I hope that we see current sales trends continue for the remainder of 2017 and into 2018.”

“It is encouraging to finally see a couple of long-standing truck sales records being broken in the month of June,” added TIC CEO, Tony McMullan.

“Although the heavy-duty segment has not broken any existing sales marks, the segment is posting very good sales month-on-month in 2017 and is performing better than expected at the half way point of the year.”

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