Australia, Transport News

Aussie truck sales continuing to break records

February’s truck sales results are in and the record breaking trends set at the end of last year are continuing to the tune of a 21.8 per cent increase in sales volumes in February 2023 compared to February 2023

A new record for monthly truck and heavy van sales for February has been set, and it’s just one vehicle short of 3500 units moved.

The February 2023 result of 3,499 trucks sold has smashed the previous record of 3,017 set in 2008.

Isuzu has been hot out of the gates for 2023, leading the overall sales tally with 1984 sales recorded for the year so far, followed by Fuso on 690 and Hino on 659.

The early lead in the heavy-duty vehicle category goes to Kenworth with 448 trucks sold until the end of February, followed by Volvo on 440 year to date and Isuzu on 323.

In the medium duty category Isuzu won the month with 304 units sold, followed by Hino on 130 and Fuso on 95.

The same order flowed through to the light duty category with Isuzu (607), Fuso (248) and Hino (223).

Truck Industry Council CEO Tony McMullan says the strong sales start to 2023 is very positive for the road transport industry, however he warns the second half of the year could be a little different.

“January and February sales have been very strong, leading to a number of monthly new truck sales records to be broken early in 2023,” McMullan says.

“However, with many sectors of the economy cooling due to interest rate rises and particularly with negotiations ongoing with federal treasury over extending the delivery timeline for the Temporary Full Expensing incentive that is scheduled end on the 30th of June, industry is concerned that many truck orders will be cancelled because trucks will not be completed and delivered into service, due to ongoing global supply chain issues.

“Cancelled orders will directly affect employment at body builders, equipment suppliers, truck dealerships and OEMs. With the potential for many job losses.

“The Truck Industry Council and the Australian Trucking Association have been jointly calling for the current Labor government to extend the delivery timeline for the Temporary Full Expensing scheme, allowing trucks that are already ordered, to be delivered up until the 30th June 2024.

“Thus avoiding potential job losses in the manufacturing and road transport sectors.”


 RELATED STORY: RECORDS TUMBLE IN JANUARY SALES


Heavy Duty

For the second month in succession, the result for the Heavy Duty truck segment was particularly good, with 1,224 HD trucks sold, up 19.0 percent, or 195 units, on February 2022. This result broke the previous February sales record, set before the onset of the GFC in 2008, when 1,060 trucks were sold, by 13.4 percent. These strong January and February sales brings the 2023 year-to-date tally to 2,168 heavies, 22.7 percent (401 trucks) above sales at this time last year.

Medium Duty

The Medium Duty for February recorded 570 truck deliveries versus 544 units in February 2022, a small gain of 4.8 per cent. Year-to-date the MD segment is tracking 5.2 per cent above 2022 sales, with 1,015 medium trucks sold in 2023 compared to 965 trucks to the end of February last year.

Light Duty

The Light Duty truck segment continues to perform well, with 1,280 sales in February, up a very healthy 25.1 per cent over February 2022, that represented 257 more LD trucks delivered than February last year. This was another record, eclipsing the previous best February sales result of last year when 1,023 little trucks were sold. Year-to-date sales for LD trucks are well ahead of 2022, with 2,269 sales this year, versus 1,791 last year. That is a 26.7 per cent increase, or 478 more truck sales thus far in 2023.

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