New commercial vehicle registrations over 3500kg GVM were down 37.1% year-on-year in May 2025, while used commercial registrations recorded a decline of 35.4% for the period.
Total registrations of new trucks, vans, and buses over 3500kg GVM reached 428 units for the month, a drop from the 680 units registered in May 2024.
Hino led the market for new commercial vehicles in May, with 54 units registered, capturing a 12.6% market share and marking a 3.6% decrease from the 56 units registered in the same period last year.
Isuzu followed, down 41.2% year-on-year with 50 units registered for an 11.7% market share. Fiat and Fuso each registered 35 units, down 14.6% and 63.5% respectively, both holding an 8.2% market share.
Volvo registered 34 units, marking a 61.9% increase year-on-year. LDV fell 37.8% (28 units); Scania down 52.1% (23); Ford down 70.1% (20); and Volkswagen up 800% with 18 units registered. Other brands collectively saw a 45.5% decrease with 97 units registered.
Used commercial vehicle registrations over 3500kg GVM totalled 84 units in May 2025, compared to 130 in the same period last year.
Isuzu led the used commercial market with 23 units registered, down 4.2% year-on-year, and holding a 27.4% market share.
Hino followed with 16 units, down 57.9% year-on-year, holding a 19.0% share. Toyota also registered 16 units, down 15.8% and matching Hino’s market share.
Mitsubishi registered 11 units, down 45%; Nissan down 64.3% (5); Fiat, Fuso, and Mercedes-Benz each recorded two units; Iveco and LDV each recorded one. Other brands saw a 50% decrease with five units registered.
