Good Month for Truck Sales in May
30 May 2012 | Print
The combined market for medium, heavy and extra heavy commercial vehicles has increased year-on-year by 14.5% during May. An estimated total of 2 501 trucks were sold last month, according to the latest combined results released by the National Association of Automobile Manufacturers of South Africa (Naamsa), Associated Motor Holdings (AMH) and Amalgamated Automobile Distributors (AAD).
(Mercedes-Benz South Africa is only reporting aggregated sales data but Naamsa estimates based on historical trends and forecasting, are included here.)
According to Rory Schulz, UD Trucks Southern Africa’s general manager of corporate planning and marketing, the local truck market is tracking towards the 28 000 unit mark if the current growth rate is maintained.
“Despite all the economic problems in the Eurozone, we are in agreement with most economists that the situation should be monitored very closely,” said Schulz. “It is however clear that there is some uncertainty in the local market as customers are ordering fewer units in anticipation of the outcome of the European debt crisis. Should the situation improve, we should see higher sales volumes come July/ August.”
Looking at the various segments in the truck market on a year-on-year basis, Medium Commercial Vehicle (MCV) sales increased by 18.1% to 881 units. Sales in the Heavy Commercial Vehicle (HCV) segment decreased slightly by 6% to 391 units, while the Extra Heavy Commercial Vehicle (EHCV) segment experienced a significant 21.6% growth during May to conclude the month on 1 115 units. Bus sales increased by 8.6% to 114 units.
“It seems that the industry is currently able to maintain the sales drive it started in the second half of 2011,” said Schulz. “Overall, vehicle availability is improving while various new public sector infrastructural investment projects are set sustain a growth in sales over the medium to long term.”
Closer to home, Schulz noted that UD Trucks Southern Africa increased its total local market share to 10.8% (from 10.25% in May 2011), mainly due to the company’s strong performance in the HCV market segment. UD Trucks was once again the top performing manufacturer in this category, selling 131 HCV units during May – 28.9% market share.
“UD Trucks’ recently-launched extra heavy Quon range is also performing well, but we expect even more growth as our product range roll-out continues across sub-segments in the EHCV category, leading up to August 2012,” concluded Schulz.