New commercial vehicle registrations over 3500kg GVM were down 0.8% year-on-year in October 2024, while used commercials saw a larger decrease of 21.8% for the period.
Total registrations of new trucks, vans, and buses over 3500kg GVM reached 707 units for the month, slightly lower than the 713 units registered in the same period last year. Year-to-date, total registrations of new trucks, vans, and buses over 3500kg GVM sit at 6,552 units, down from 6,597 in the same period last year.
Mercedes-Benz led the market for new commercials in October, with 139 units registered and capturing a 19.7% market share. This was a 71.6% increase from the 81 units registered in the same period last year.
Iveco was second, up 69.1% year-on-year with 93 units registered and a 13.2% market share.
Isuzu held third place despite a 21% year-on-year decline, registering 79 units for an 11.2% market share.
Hino followed, up 4.7% year-on-year with 67 units; Scania, flat year-on-year (62); Fiat down 2% (50); Fuso down 71.2% (32); Ford up 21.1% (23); LDV up 100% (22); Volvo down 25% (21) and other brands collectively dropped 9.2% (119).
Used commercial vehicle registrations over 3500kg GVM saw 104 units registered in October 2024 compared to 133 in the same period last year.
Year-to-date, total registrations of used trucks, vans, and buses over 3500kg GVM sit at 1,198 units, down from 1,473 in the same period last year.
Hino led the used commercial market in October with 35 units registered, holding a 33.7% market share and down 2.8% year-on-year.
Isuzu was second with 23 units, down 20.7% y/y and holding a 22.1% market share.
Mitsubishi was third, down 23.5% y/y with 13 units registered and 12.5% market share.
Toyota followed, down 27.8% y/y with 13 units; Fuso up 150% (5); Nissan down 50% (5); UD Trucks down 33.3% (4) and Mercedes-Benz up 50% (3).
