New commercial vehicle registrations over 3500kg GVM were broadly flat year-on-year in March 2026, while used commercial registrations dropped 36.4% for the month.
Total registrations of new trucks over 3500kg GVM reached 415 units in March, up from 414 units in March 2025.
Isuzu led the new commercial market with 67 units registered, capturing a 16.1% market share, up 15.5% from the 58 units recorded in the same month last year.
Hino followed with 55 units, up 31%, holding a 13.3% market share.
Scania placed third with 52 units registered, a 44.4% increase year-on-year and a 12.5% market share.
Mercedes-Benz climbed 76.2% (37 units); Fuso dropped 48.2% (29); Fiat rose 46.7% (22); Volvo was flat (20); Iveco declined 19% (17); DAF rose 16.7% (14); Foton rose 16.7% (14), while other brands collectively declined 27.3% with 88 units registered.
Used commercial vehicle registrations over 3500kg GVM totalled 82 units in March 2026, compared with 129 in the same month last year.
Hino led the used market with 19 units registered, down 29.6% year-on-year, for a 23.2% market share.
Mitsubishi and Toyota followed with 13 units each, down 45.8% and 62.9% respectively, both holding a 15.9% share.
Mercedes-Benz recorded 10 units, up 233.3%; Isuzu dropped 55.0% (9); UD Trucks rose to five; Nissan fell 20.0% (4); Fiat rose to three; Kenworth recorded two; Fuso dropped 66.7% (1). Other brands recorded three units, down 66.7%.
