Prime Mover Magazine

Truck sales flatten despite new van record

Sales of commercial vehicles stayed on market trend last month as units across all categories slumped yet yielded the second best June result on record.

It was the second time in history that the truck and van market achieved over 4,000 sales for a single month less than 200 units below of last year's record with 4,072 according to data from the Truck Industry Council (TIC).

Total sales of 18,889 were achieved for the midway point of the calendar year.

The Heavy Duty truck segment in June saw 1,288 trucks sold, a drop of 10.1 per cent compared to the corresponding period last year.

Although having recorded strong sales the Heavy Duty category reduced by 5.8 per cent across the quarter (6,820) when compared with January to June (6,422).

In Q2 2,125 trucks were sold in the Medium Duty category.

Of those 796 were sold in June.

Year-to-date Medium Duty truck sales have slowed by 7.6 per cent, with 3,775 deliveries to the end of June 2019, 309 fewer MD truck sales compared to the 2018 half year result.

The worst hit category was Light Duty (trucks with a GVM between 3,500 kg and 8,000 kg).

Although June indicated some positive signs for the category improving on previous months with 1,274 units move a decrease of just 30 vehicles compared with the same period in 2018.

The Q2 result in the category fared much worse decreasing by 9.6 per cent.

Light Duty Van Sales, however, improved drastically over June 2018 results.

Units delivered equalled 714, a significant increase of 19.2 per cent on last year.

A total of 1,828 sales for the category in Q2 represents a 13.1 per cent improvement over the same period last year making it a new record.

TIC Chief Executive Officer, Tony McMullan, acknowledged the declining truck market year-to-date, however was buouyed by Light Duty Van sales.

“The down-turn in truck sales this year was not unexpected after a record year in 2018," he said.

"It has to be remembered that 2019 has been a federal election year and that always tempers the economy and new heavy vehicle sales," said McMullan.

"It is encouraging to see such strong sales in the LD Van segment, against the industry trend.”

“Despite the slowing market this year, sales to the end of June 2019 are the second best on record and if sales continue at this rate for the remainder of the year, we are shaping up for a solid 2019”.

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