Copy Tracking Code

Prime Mover Magazine

TIC reports record truck sales in April

Phil Taylor, President of the Truck Industry Council (TIC), said he is pleased to see the heavy duty segment leading the sales boom, with reference to a new record for April truck sales.

The Australian truck and heavy van market – all vehicles above a gross vehicle mass (GVM) of 3,500kg GVM, for the month of April finished with a total of 3,151 sales. This was down approximately 300 units on the previous month of March 2018, however up a significant 634 vehicles, 25.2 per cent, over April last year. In fact, the result for April 2018 was an all-time sales record for the month, eclipsing the previous best April mark set back in 2008, just before Australia was hit by the effects of the Global Financial Crisis (GFC). Year-to-date sales are also above all previous results, with 11,826 heavy vehicles deliveries to the end of April, that is 483 vehicles more than were sold year-to-date April 2008, the previous record year.

The April result was reportedly good news across all segments, but in particular the heavy end of the market. The heavy duty truck segment was up yet again in April with a total of 1,156 units delivered, a “whopping” 54.1 per cent, or 406 trucks, increase on April 2017. The trend is almost as strong year-to-date, with heavy sales tracking up 41.6 per cent over this time in 2017. In unit numbers that is 1,192 more Heavies sold than this time last year. Total sales thus far in 2018 for the heavy duty segment are standing at 4,059 units.

The medium duty truck segment is also posting solid sales in 2018 and April saw that trend continue. In April, 674 Medium truck sales were recorded, that represents a 19.7 per cent (111 units) gain over April 2017. The April result keeps the year-to-date Medium segment sales well ahead of the same period last year, up by 25.8 per cent, or 501 trucks.

By comparison to the “big end of town”, light duty truck sales have only seen modest growth in 2018. April sales totalling 927 vehicles, a rise of 14.0 per cent over April 2017, in vehicle numbers that was a gain of 114 trucks. Light Duty sales year-to-date are ahead of the same period in 2017 by 11.3 per cent, or 355 trucks.

Van sales in recent years have seen records broken, but sales have softened for the van segment in 2018. Light duty vans, those vans with a GVM over 3500kg, recorded 394 sales for the month of April, up just 0.8 per cent, or three vans, over April 2017. Year-to-date the story is a little better for the van segment with the tally standing at 1,823 units, this is up 6.0 per cent (103 vans) compared with the same period in 2017.

TIC CEO, Tony McMullan, noted the strong April and year-to-date sales: “It is encouraging to see another good result in April to follow the solid first quarter figures. It is particularly encouraging to see heavy truck sales showing such continued progression. We are currently sitting on record sales growth and that is a strong position to be in as we head towards the end of the financial year.”

Featured Article

  • advertisement
  • Click here to join the CRT network today
  • Keep up to date on the latest news and developments in the commercial road transport industry. Sign up to CRT News today to receive a FREE weekly E-newsletter delivered straight to your inbox.

    Sign up to our newsletter

  • advertisement

© Copyright 2019 Prime Creative Media. All rights reserved.

Find us on Google+