TIC has air of confidence in sales resurgence


Heavier end of the truck market singled out after solid July sales

TIC has air of confidence in sales resurgence
Heavy and medium trucks sell well in July

 

The Truck Industry Council (TIC) has highlighted heavier trucks as a major strength in the commercial vehicles market, following July sales figures.

https://www.fullyloaded.com.au/product-news/1707/tic-hails-tumbling-of-truck-sales-records

With all segments posting gains over July 2016 sales, TIC points out that beaten only by the boom pre-Global Financial Crisis Julys of 2007 and 2008.

Heavy and medium trucks, that lead the charge up 18.8 per cent and 19.6 per cent respectively over this month last year.

"Total heavy vehicle sales for the month were 2,936 units, up 13.2 per cent (3,432 vehicles) over the same month last year and year-to-date sales continue to track above those of last year to the end of July by 8.0 per cent (1,457)," TIC’s commentary states.

"The Heavy Duty Truck segment was up again in July, continuing a very positive yearlong trend, with a total of 909 units delivered, up a significant 18.8 per cent, or 144 trucks, on July 2016.

"Year-to-date the results also look encouraging with Heavy sales tracking up 14.5 per cent over those of the same period in 2016. In terms of actual truck numbers the sales gap is now 764 more Heavy trucks sold year-to-date than in 2016."

Medium duty truck sales performances have been uneven so far this financial year, with t July being one of best months so far with 653 delivered, up 19.6 per cent, or 107 units, over July 2016 sales.

Year-to-date the picture is not quite so good, but still positive, with 3,975 delivered, a 2.2 per cent rise, or 84 more units, over 2016.

"July is typically a slow month for truck sales and coming off the record June sales that we saw at this financial year end was always going to be a hard act to follow," TIC president Phil Taylor says.

"It is encouraging to see that July 2017 sales, although not a record, were right up there and have continued the sales growth that we saw in the first half of this year.

At the smaller end, light trucks continued to perform well but the van segment has been "quite patchy" this calendar year, TIC notes.

However, July was positive with light duty vans posting 450 sales, up 5.6 percent, or 24 units, compared with July 2016. 

Year-to-date the tally is up slightly more than 2016 results, 3,338 sales to the end of July 2017 compared to 3,229 deliveries for the same period in 2016, that is a year-to-date increase of 3.4 per cent.

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