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Prime Mover Magazine

Truck sales grow more than 20 per cent in August

Continued steady sales figures defined the month of August with a record result well within sight for Australian truck manufacturers and importers in 2018.

According to sales figures collated by the Truck Industry Council, 3,132 cab chassis and prime movers were delivered during August, an increase of 392 units for the same period in 2017.

The 14 .3 per cent month-on-month rise helped contribute to 20.1 per cent growth across the combined truck category this year.

That takes the total of 22,966 trucks sold in the first eight months an improvement of 3,837 when compared to the same period in 2017.

In the Heavy Duty category 1,257 units were sold as investor confidence intensified as fleet managers made upgrades and continued to replace older models.

A 16.1 per cent increase in contrast to August 2017 equated to a year-to-date accrual of 9,165 trucks, a healthy increase of 28.7 per cent (2,142 more) than those sold mid way through the third quarter last year.

Medium Duty sales were also impressive with 721 units sold in August, which remained 112 extra than those purchased in 2017. Year-to-date figures for the category totalled 5,431 an additional 577 units (+11.9 per cent) when compared with the previous year.

In the Light Duty sector, 1,154 new units were sold in August. The 103 increase on August last year represents a minor rise although the year in total number of 929 units (+12.5 per cent) suggested the category had rebounded strongly from less than average results during the early part of 2018.

All categories were running at double-digit growth when compared even to the very strong results of the second half of last year.

Tony McMullan, TIC CEO said the results indicated record sales were within reach in 2018.

“It was pleasing to see double digit sales growth continue in the Heavy and Medium Duty truck segments and while the rate of growth has slowed slightly in July and August, much of this can be attributed to seasonal sales trends for those months,” he said.

“I believe that the industry remains on track for a record sales year, potentially reaching 14,000 trucks in the heavy-duty segment and close to 40,000 vehicles for the total heavy vehicle truck and van industry.”

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