New commercial vehicle registrations over 3500kg GVM were down 36.3% year-on-year in January 2025, while used commercial registrations also saw a steep decline of 43.6% for the period.
Total registrations of new trucks, vans, and buses over 3500kg GVM reached 469 units for the month, a decline from the 736 units registered in January 2024.
Hino led the market for new commercial vehicles in January, with 61 units registered, capturing a 13% market share and marking a 29.8% increase from the 47 units registered in the same period last year.
Isuzu placed second, with a 47.3% year-on-year decline, registering 48 units for a 10.2% market share.
Fuso followed, down 15.7% year-on-year with 43 units registered, holding a 9.2% market share.
Scania followed, registering 39 units, down 40% year-on-year; Iveco dropped 19.1% (38); Kenworth fell 21.6% (29); Fiat down 72% (28); Ford down 36.6% (26); LDV down 7.1% (26); Mercedes-Benz down 31.6% (26). Other brands collectively saw a 45% decrease with 105 units registered.
Used commercial vehicle registrations over 3500kg GVM totalled 75 units in January 2025, compared to 133 registered in the same period last year.
Hino led the used commercial market with 19 units registered, holding a 25.3% market share and down 47.2% year-on-year.
Isuzu followed with 18 units, down 30.8% year-on-year, holding a 24% market share.
Toyota placed third, registering 12 units, down 57.1% year-on-year, with a 16% market share.
Mitsubishi saw 11 units registered, down 45% year-on-year; Mercedes-Benz recorded three units; Nissan down 76.9% (3); Fiat down 50% (2); Mazda up 100% (2); and other brands remained flat at five units.
