Capital Equipment News

Official figures show that the August truck market improved by 5,3% on July’s performance to conclude the month on 2 227 units.

UD Trucks Wastetruck 10 2017This is according to the latest results released by the National Association of Automobile Manufacturers of South Africa, Associated Motor Holdings and Amalgamated Automobile Distributors.

During the period, Medium Commercial Vehicle (MCV) sales increased by 5,9% to 633 units, Heavy Commercial Vehicle (HCV) sales were slightly down by 0,7% to 427 units and Extra Heavy Commercial Vehicles (EHCV) were up by 7,3% to 1 046 units. Bus sales also continued the upward trend with a 9% improvement on July’s sales to 121 units.

The overall picture is also looking more positive with year-to-date sales tracking only 2,9% behind 2016’s sales in the corresponding period, with a total of 17 075 new trucks sold by the end of August.

“These results are encouraging and in line with our expectations that some industry sectors are recovering,” says Gert Swanepoel, MD of UD Trucks Southern Africa. “It has also become evident that business continues to show resilience in the face of some of the bigger macroeconomic challenges that are prevailing.”

Swanepoel explains that the company believes many businesses still have long-term confidence in the country, which bodes well for new truck sales during the balance of the year, and for some growth going forward.

“An investment in a new truck is a serious consideration, as it takes a significant amount of money, time and other resources to run a fleet efficiently and profitably. August’s positive results show us that fleet owners still consider the transport and related industries as relatively sure investments,” concludes Swanepoel.

Contact Capital Equipment News

Title: Editor
Name: Munesu Shoko
Email: capnews@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Elmarie Stonell
Email: elmaries@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

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