New commercial vehicle registrations over 3500kg GVM were down 10.8% year-on-year in July 2024 while used commercials were down 21.8% for the period.
Total registrations of new trucks, vans, and buses over 3500kg GVM sit at 597 units for the month compared to 669 in the same period last year. Used trucks over 3500kg GVM saw 111 units registered in July compared to 142 in the same period last year.
Isuzu is the market leader for new trucks in July with 68 units registered and 11.4% market share. This is down 2.9% compared to the same period last year which saw 70 units registered for the brand. Fuso is second, down 26.4% y/y with 64 units registered and 10.7% market share. Hino is third, up 1.6% y/y with 62 units registered and 10.4% market share.
Volvo follows, up 48.6% y/y with 52 units registered; Scania up 4.1% (51); Ford up 126.3% (43); Fiat up 17.1% (41); Mercedes-Benz down 44.4% (30); Kenworth up 13.6% (25); Iveco down 77.2% (23), and other brands up 1.5% (138).
Meanwhile, Isuzu led the local market for used trucks in July, down 8.8% y/y with 31 units registered and 27.9% market share. Hino was second for used trucks, down 25% y/y with 24 units and 21.6% market share. Toyota was third, down 15.4% y/y with 22 units and 19.8% market share.
Mitsubishi follows, down 31.6% with 13 units registered; Nissan down 46.7% (8); Fuso down 33.3% (4); Dennis Eagle (2); Mazda up 100.0% (2); Volvo up 100.0% (2); Fiat no change (1); other brands down 71.4% (2).
