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Prime Mover Magazine

Truck sales soar in August

August 2017 truck sales were the best recorded since 2007, delivering 3,263 heavy vehicles last month, which was 5.3 per cent shy of the all-time record, according to the Truck Industry Council (TIC).

Year-to-date sales were 22,990, tracking just over nine per cent up on 2016 when 21,088 units were delivered to the end of August.

Compared to the all-time record year of 2007, year-to-date 2017 sales lag by just 3.2 per cent.

The heavy-duty truck segment rose 29.4 per cent for the month compared to August 2016, continuing a yearlong trend with a total of 1,082 units delivered.

Year-to-date results for heavy sales tracked 16.5 per cent more than the same period last year with 1,010 more heavy trucks.

The medium-duty truck sales segment did not record growth, with a decline of 3.6 per cent, or minus 23 units, for the same period in August 2016 while year-to-date tracked 1.4 per cent more than last year.

In August, light duty truck sales were up by 11.6 per cent or 109 trucks compared to the corresponding month last year.

Year-to-date sales for the light-duty truck segment tallied 7,423, which was 8.9 per cent – or 609 trucks, more than the same period in 2016.

Light-duty van sales rose 27.6 per cent in August. 523 new vans were sold for the month, an increase of 113 units over the August 2016 result.

Year-to-date, a total of 3,861 vans have been delivered to the end of August 2017, which was up 6.1 per cent (222 vans) compared with the same period last year.

“It was pleasing to see double digit sales growth in most segments in August and this builds on strong sales in the first half of 2017,” said TIC President, Phil Taylor. “It was a particularly strong month at both the heavy and light ends of the market. Heavy sales continue to lead the way in 2017 and this is particularly pleasing to see after a decade of slow or negative year-on-year sales in this segment,” he said.

“It was very much business as usual in August with solid growth in all segments except medium duty trucks,” said TIC CEO, Tony McMullan.

“Again we saw the yearlong trend of healthy heavy-duty truck sales continue, this is particularly pleasing given that this segment has had a very slow recovery from the market lows seen directly follow the Global Financial Crisis some ten years ago now. We are still some way short of record sales last seen in 2007 in the heavy segment, however signs are positive that the recovery is strong and stainable. It is also pleasing to see that the light truck and van segments are tracking at near record levels and comfortably above 2016 sales.”

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