Light Duty Van market strengthens for August

Figures released by the Truck Industry Council saw new truck sales in all categories for August increase relative to the same month in 2014. Overall, the month was the fifth best August in the past ten years but well down on the peak for August 2007 where 3,438 new trucks were sold with total truck sales recorded for August 2015 of 2,729 units. The 2015 cumulative total to the end of August was 20,523 vehicles, up on last year by 4.9 per cent or 956 sales but 15.5 per cent lower than the record setting pre-GFC result of 2008 where year-to-date August sales of 24,283 were recorded.

Van-market The Heavy Duty segment was up by 0.7 per cent, for the month of August, with a total of 844 trucks sold. However year-to-date the HD segment is down 7.63 per cent (-523) on 2014 sales which was down 5.6 per cent (-409 sales) over 2013.

Medium Duty truck sales posted gains, almost in double digit territory, with sales up 9.3 per cent (52 trucks) over the same month last year. Total Medium Duty sales for the month were 612 units. The solid August result now has the Medium Duty segment ahead year-to-date by 1.9 per cent (80 trucks) compared to 2014 sales.

The strong year-to-date trend in Light Duty Truck sales continued in August, but at a reduced pace, with Light Duty truck sales growing by 4.6 per cent (35 units) for the month, with a total sales tally of 804 trucks for August. Year-to-date Light Duty sales are up by 10.3 per cent (579 vehicles) when compared to 2014.

The Light Duty Van market achieved another record sales month in August. Total sales for the month were 469 units up a healthy 21.8 per cent (84 vans) over August 2014 and eclipsed the previous best month of August, that of 2008, by 69 units. Year-to-date the story is even better for the Light Duty Van segment with sales up 28.1 per cent (820 vans) over those of 2014.

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