Slow Going for SA Truck Market
05 September 2014 | Print
Extra Heavy Commercial Vehicles (EHCV) and Bus sales are continuing to boost the local truck industry’s performance. During August, a total of 2 805 trucks were sold, which is 8.43% up on July’s results.
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), the remaining sectors are continuing to lose traction.
Rory Schulz, acting managing director of UD Trucks Southern Africa, said that the overall year-to-date sales figures remain flat.
“There has been only a marginal increase in sales of 14 units so far this year, with the total market now standing at 20 528 units,” said Schulz. “We don’t expect it to grow much more, with challenging economic conditions expected to remain.”
When compared to August 2013, the Medium Commercial Vehicle segment declined by 5.57% to 984 units. On this basis, Heavy Commercial Vehicles gained some ground with an increase in sales of 13.39% to 508 units, while EHCVs were down year-on-year by 3.21% to 1 205 units. Bus sales were also down last month by 8.47% to 108 units.
“The year-to-date decline of MCVs and HCVs, which mainly consists of units transporting freight and fast moving consumer goods, is indicative of the challenging economic conditions faced by consumers,” said Schulz. “As a result of South Africa’s current economic status, we are also expecting above-inflation vehicle price increases to further dampen truck sales momentum.”