Commercial vehicle sales buck economic trend
10 Oct 2018 - by
The South African commercial vehicle market has defied economic trends by increasing overall sales by 2.3% year-on-year at the end of the third quarter in September.
According to the latest results released by the National Association of Automobile Manufacturers of South Africa (Naamsa), Associated Motor Holdings (AMH) and Amalgamated Automobile Distributors (AAD), a total of 19 939 new trucks and buses have so far been retailed this year.
“The initial growth seen in the extra heavy segment has now started to filter down to the heavy and medium commercial vehicle segments,” said Gert Swanepoel, managing director of UD Trucks Southern Africa. “More specifically, sales to operators in the distribution industry, including long-haul, are driving growth, while demand from the mining, agricultural and construction industries have declined.”
Sales in the MCV segment are slightly down by 2.3% so far this year, for a year-to-date total of 5 730 units. HCVs are up 1.7% year-on-year to 4 039 units, while the EHCV segment increased by 5.9% to 9 391 new vehicle sales so far this year. Bus sales have declined to 779 units, a 1.9% decline.