Truck sales re­tain pos­i­tive mo­men­tum

COM­MER­CIAL NEWS

Business Day - Motor News - - MOTOR NEWS - Mo­tor News Re­porter

Sales in SA’s medium and heavy truck seg­ments con­tin­ued their pos­i­tive per­for­mance and grew for a fourth con­sec­u­tive month in Oc­to­ber. Ac­cord­ing to fig­ures re­leased by the Na­tional As­so­ci­a­tion of Au­to­mo­bile Man­u­fac­tur­ers of SA (Naamsa) there were 782 new medium trucks and 1,866 heavy trucks sold in SA last month, re­spec­tive in­creases of 15.3% and 12.3% com­pared with the cor­re­spond­ing month in 2017.

The stronger sales num­ber sug­gested an improve­ment in cap­i­tal in­vest­ment sen­ti­ment in SA, said Naamsa.

The econ­omy con­tin­ued to ex­pe­ri­ence dif­fi­cult con­di­tions with con­sumers’ dis­pos­able in­come re­main­ing un­der pres­sure, noted the as­so­ci­a­tion, and that con­tin­ued weak­ness in the lat­est pur­chas­ing man­agers’ in­dices and the Re­serve Bank’s lead­ing in­di­ca­tor sug­gested busi­ness con­di­tions would re­main dif­fi­cult in the short term. On the pos­i­tive side it said the re­cent in­vest­ment sum­mit served as a plat­form to re-es­tab­lish trust between the gov­ern­ment and pri­vate sec­tor, to re­store cred­i­bil­ity in SA as a busi­ness-friendly mar­ket econ­omy and to gen­er­ate a quan­tum in­crease in in­vest­ment, which is es­sen­tial to grow the econ­omy.

The Hino 300 Se­ries was the top-sell­ing medium-sized truck in Oc­to­ber with 214 units sold, while the Hino 500 ruled the heavy truck seg­ment with 153 sales. Top 10 sell­ing trucks — Oc­to­ber 2018 Hino 300 — 214 Hino 500 — 153 Isuzu N-Se­ries — 133 Volvo FH — 123 Sca­nia G-Se­ries — 115 Isuzu F-Se­ries — 94 UD Trucks Croner — 74 Tata LPT — 59 Iveco Daily — 51 VW Crafter — 50 * List ex­cludes Mercedes-Benz which does not re­port its monthly sales

The medi­umtruck seg­ment grew 15.3% com­pared to Oc­to­ber 2017, with the Hino 300 the mar­ket’s top seller.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.