RECORD HERE WE COME – TRUCK MARKET CONTINUES TO BOOM

The Australian truck market closed in on an all-time record  and came close to breaking it a month early with another booming sales result in November which saw a massive 4233 trucks sold for the month, more than 500 ahead of the same month in the all-time record year of 2018.

The result means that the market year to date has recorded 40267 sales,  which puts it 2000 ahead of the same point in 2018 and  that means it is  just 1361 trucks short of that all-time record.

 “It is pleasing to see the solid sales continue through November, with a number of new records set. However, we will have to wait another month to see a new all-time annual sales record set for new trucks in Australia,”  TIC’s chief executive officer, Tony McMullan, said

Isuzu  again dominated the market , having already surpassed its own all time annual record at the end of October,  selling 1278 trucks in November  to capture 30.1 per cent of the market, giving it a year to date tally of 12,110, almost 2000 trucks ahead of its annual record, set in 2021.

The boom could be seen across the market, with few exceptions, most notably Hino, which is clearly hamstrung by the self-imposed supply issues resulting from the emission/fuel consumption fraud scandal of its parent in Japan.

For the third month in a row long-time rival Fuso bettered Hino’s sales  with Fuso moving 457 trucks for 11 per cent overall market share to Hino’s 367  and 8.7 per cent for November. Year to date Hino still leads Fuso overall 5472 to 4409, and is unlikely to be overtaken, however no one could have guessed half-way through 2022 that the perennial third place getter could have closed the gap so significantly on Hino by the end of the year.

Volvo, which has been starved of supply  for the past couple of years, and has struggled to beat Kenworth as a result, put in another stellar performance, with 329 sales to outsell the big K by exactly 30 trucks for the month. Volvo has boosted its supplies in recent times by importing CBU trucks from its factory in Saudi Arabia, prompting some to wonder whether it may be the first move in a potential shut down of its Australian factory at Wacol in Brisbane.

Volvo’s performance saw it finish  the month with a 7.8 per cent market share  with Kenworth in fifth place in the market  with 7.1 per cent share. Volvo actually finished the month just 38 trucks behind Fuso.

Mercedes had a great month  finishing sixth overall with 160 sales and 3.8 per cent share for the month, including  its Sprinter light truck, while Iveco finished with 159 sales  just one behind Mercedes.

UD’s stocks continue to rise with the Volvo marketed Japanese brand finishing in eighth place with 118 trucks and 2.8 per cent share for the month, while Scania demonstrated another consistently strong performance with 109 sales and 2.6 per cent share.

The outstanding month for the Volvo. Group was capped off with a strong month for Mack, selling 81 Bulldogs and registering a 1.9 per cent market share, rounding out the top ten.

Behind  that came DAF with 78 , Fiat with 62 and Freightliner with 42, while Renault sold 28, Hyundai 20, Dennis Eagle with 16, Western Star with 5 and SEA Electric with 3.

Overall Market

Manufacturer TM TM% YTD YTD%
ISUZU 1278 30.2 12110 30.1
HINO 367 8.7 5472 13.6
FUSO 475 11.2 4509 11.2
KENWORTH 299 7.1 2722 6.8
VOLVO 329 7.8 2253 5.6
MERCEDES-BENZ 160 3.8 1289 3.2
IVECO 159 3.8 1248 3.1
UD TRUCKS 118 2.8 1122 2.8
SCANIA 109 2.6 1014 2.5
MACK 81 1.9 695 1.7
DAF 78 1.8 620 1.5
FIAT 62 1.5 499 1.2
FREIGHTLINER 42 1. 440 1.1
RENAULT 28 .7 352 .9
MAN 8 .2 282 .7
HYUNDAI 20 .5 244 .6
WESTERN STAR 13 .3 202 .5
DENNIS EAGLE 16 .4 82 .2
VOLKSWAGEN 5 .1 77 .2
FORD 1 . 47 .1
SEA Electric 3 .1 17 .

HEAVY DUTY

In Heavy Duty, Volvo  ruled the roost with 320 trucks, 21 clear of Kenworth, ahead of Isuzu on 199, Scania on 109 and UD on 106, while Mercedes sold 94 heavies, Mack 81 and Fuso 76.

Heavy duty

Manufacturer TM TM% YTD YTD%
VOLVO 320 21.1 2213 16.4
KENWORTH 299 19.7 2721 20.2
ISUZU 199 13.1 1860 13.8
SCANIA 109 7.2 1014 7.5
UD TRUCKS 106 7. 949 7.
MERCEDES-BENZ 94 6.2 749 5.6
MACK 81 5.3 695 5.2
FUSO 76 5. 712 5.3
DAF 70 4.6 581 4.3
HINO 59 3.9 690 5.1
FREIGHTLINER 42 2.8 440 3.3
IVECO 28 1.8 346 2.6
DENNIS EAGLE 16 1.1 82 .6
WESTERN STAR 13 .9 202 1.5
MAN 7 .5 224 1.7

MEDIUM DUTY

In Medium Duty  Hino wasn’t as badly affected  by supply as in light duty and finished the sector closer to market leader Isuzu and ahead of Fuso. Isuzu finished on top of the medium sector for November with 356 trucks and 51.1 pe cent share of the segment, while Hino moved 172 trucks for 24.7 per cent share, while  Fuso moved 118 trucks  for a 17 per cent share.

The dominance of the three Japanese brands  meant that the next best sellers, UD and Iveco both sold just 12 trucks  for the month each with 1.7 per cent share.

Medium duty

Manufacturer TM TM% YTD YTD%
ISUZU 356 51.1 3283 45.8
HINO 172 24.7 2135 29.8
FUSO 118 17. 1204 16.8
UD TRUCKS 12 1.7 173 2.4
IVECO 12 1.7 120 1.7
VOLVO 9 1.3 40 .6
DAF 8 1.1 39 .5
HYUNDAI 3 .4 58 .8
SEA Electric 3 .4 17 .2
MERCEDES-BENZ 2 .3 34 .5
MAN 1 .1 58 .8

LIGHT DUTY

Light duty saw Isuzu running rampant taking  50.3 per cent of the market with a whopping 723 sales, 442 sales ahead of Fuso which was next best on 281 sales and 19.6 per cent share. Hino meanwhile really suffered and was back in third with a paltry 136 sales and 9.5 per cent share, only marginally ahead of Iveco with 119 and 8.3  per cent.

Behind that came Mercedes with 64, Fiat with 62, Renault with 28 and Hyundai with 17.

Light duty

Manufacturer TM TM% YTD YTD%
ISUZU 723 50.3 6967 47.6
FUSO 281 19.6 2593 17.7
HINO 136 9.5 2647 18.1
IVECO 119 8.3 782 5.3
MERCEDES-BENZ 64 4.5 506 3.5
FIAT 62 4.3 499 3.4
RENAULT 28 1.9 352 2.4
HYUNDAI 17 1.2 181 1.2
VOLKSWAGEN 5 .3 77 .5
FORD 1 .1 47 .3

Meanwhile Mercedes had a dominant display in vans, with its Sprinter capturing 42.3 per cent of the sector with 246 vans, well ahead of second placed Iveco with 137 Daily sales and 23.5 per cent share. Volkswagen with 77 Crafters sold, Renault with 74 Masters, Fiat with 42 Ducatos while Ford managed just six of its large Transits.

 Vans

Manufacturer TM TM% YTD YTD%
MERCEDES-BENZ 246 42.3 1901 38.3
IVECO 137 23.5 545 11.
VOLKSWAGEN 77 13.2 798 16.1
RENAULT 74 12.7 1164 23.4
FIAT 42 7.2 230 4.6
FORD 6 1. 331 6.7
Total Truck 582   100 4969   100

With another booming month rolling out across December and no respite  in  order taking, the Ausssie truck market is still on a rip roaring record making run