New commercial vehicle registrations over 3500kg GVM fell 11.3% year-on-year in January, while used commercial registrations declined 10.7% for the month.
Total registrations of new trucks over 3500kg GVM reached 416 units in January, down from 469 units in January 2025.
LDV led the new commercial market with 43 units registered, up 65.4% year-on-year, for a 10.3% market share.
Hino, Isuzu and Mercedes-Benz followed, each recording 41 units for the month. Hino was down 32.8% year-on-year, Isuzu was down 14.6%, while Mercedes-Benz was up 57.7%.
Fuso was down 11.6% year-on-year (38 units), Fiat down 7.1% (26), Scania down 35.9% (25), Kenworth down 28.6% (20), Iveco down 50% (19), UD Trucks up 72.7% (19) and other brands down 14.9% (103).
Used commercial vehicle registrations over 3500kg GVM totalled 67 units in January 2026, compared with 75 units in the same month last year.
Hino and Isuzu led with both brands registering 17 units each and sharing 25.4% market share. Hino was down 10.5% year-on-year and Isuzu was down 5.6%.
Toyota recorded 14 units, up 16.7%, for a 20.9% share.
Mitsubishi registered nine units, down 18.2%; Mazda recorded three units, up 50%; Fiat, Ford, Iveco and LDV registered one unit each.
