New commercial vehicle registrations over 3500kg GVM were down 38.9% year-on-year in February 2025, while used commercial registrations also saw a steep decline of 41.7% for the period.
Total registrations of new trucks, vans, and buses over 3500kg GVM reached 401 units for the month, a decline from the 656 units registered in February 2024.
Isuzu led the market for new commercial vehicles in February, with 54 units registered, capturing a 13.5% market share and marking a 51.8% decrease from the 112 units registered in the same period last year.
Fuso placed second, down 54.3% year-on-year with 42 units registered for a 10.5% market share.
Scania followed, down 28.8% year-on-year with 37 units registered, holding a 9.2% market share.
Hino followed, registering 31 units, down 18.4% year-on-year; Mercedes-Benz up 3.3% (31); Ford up 7.4% (29); LDV up 16% (29); Fiat remained flat (27); Kenworth down 33.3% (18); Iveco down 71.4% (14). Other brands collectively saw a 49.7% decrease with 89 units registered.
Used commercial vehicle registrations over 3500kg GVM totalled 95 units in February 2025, compared to 163 registered in the same period last year.
Toyota led the used commercial market with 24 units registered, holding a 25.3% market share and down 17.2% year-on-year.
Hino followed with 21 units, down 27.6% year-on-year, holding a 22.1% market share.
Isuzu placed third, registering 20 units, down 41.2% year-on-year, with a 21.1% market share.
Mitsubishi saw 12 units registered, down 62.5% year-on-year; Iveco registered three units; Nissan registered three units; Ford registered two units; Peugeot registered two units; Fiat remained flat at one unit and other brands saw an 84.6% decrease with four units registered.
