Truck sales continue upwards trend in June

Capital investments by road transport companies and freight delivery services before the end of financial year has helped continue the strong sales in June as reported this week by the Truck Industry Council.

A 14.1 per cent increase in sales compared with the same month in 2017 saw an additional 3,226 new cab chassis and prime movers added to the national fleet.

That brings the total of units sold in the first half of 2018 to 16,925, a 21.7 per cent increase, with more than 3,022 units sold in the same six-month period in 2017.

The Heavy Duty category from January to June accounted for a total of 6,820 units – 1,689 more than the first of half of last year, an increase of 32 per cent.

In the Medium Duty category 895 units were sold in the month, an increase of 152 on June last year for a 20.5 per cent increase.

The accrued result for the first half of the calendar year of 4,084 is an increase of 863 units or 26.8 per cent.

In 2018 the Light Duty category has been steady, with 1,304 units sold in June, 71 more than in June 2017.

The year-to-date total of 6,021 for the sector is 570 or 10.5 per cent more than for the same period last year.

Phil Taylor, President, TIC, said breaking the 4,000 unit mark for sales for the year was a fantastic result for the industry.

“This capped off a great second quarter result and combined with solid first quarter sales sees the market at record levels at the half way point of the year,” he said.

“I have said before that it has been a long road to recovery and I hope that market strength we see currently continues for the remainder of the year and that 2018 will continue to re-write the history books.”

TIC, CEO, Tony McMullan said it was encouraging to see truck sales grow parallel with a rallying Australian economy.

“It is particularly pleasing to see the Heavy Duty segment breaking records that have stood since prior to the Global Financial Crisis,” he said.

“Australia needs to renew its aging truck fleet, to make our industry safer, cleaner, greener and more productive, we need continued record breaking sales to facilitate this.”

“The first half of 2018 is a starting point,” said McMullan.

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