https://www.engineeringnews.co.za

2017 new-truck sales to be 2% to 3% lower year-on-year

11th August 2017

By: Irma Venter

Creamer Media Senior Deputy Editor

     

Font size: - +

South Africa’s new-truck market will this year most likely decline by between 2% and 3% to 26 500 units, compared with the 26 997 units sold last year, says Isuzu Motors South Africa (IMSAf) COO Craig Uren.

He says the truck market is now entering the season where retailers gear up for Christmas. Retailers say, should consumers still have some money to spend, truck sales may perk up slightly. However, if retailers take a conservative view of the market, the truck market will be flat, or down on 2016 numbers.

Uren says sales in the medium commercial vehicle (MCV) market could drop by 1.9% to 8 000 units this year, with heavy commercial vehice sales to drop by 0.9% to 5 800 units.

Extra-heavy commercial vehicle sales could see growth of 0.4% to 11 600 units, with the bus market to decline by 13.8% to 1 100 units.

Uren says the shrinking MCV market is an indication that small businesses are struggling in the current tough economic environment.

A buoyant rental market also suggests that “people are renting trucks, and not buying”.

Uren adds that the truck market appears to be in a replacement cycle, with no expansion in the country’s truck parc.

[Meanwhile]

Isuzu Trucks South Africa has changed its name to IMSAf and will incorporate local Isuzu pick-up production in the Eastern Cape, as well as sales, by January 2018, following the closure of General Motors South Africa.

“These are extremely exciting times. The change will be beneficial for Isuzu in a Southern African context,” says Uren.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.069 0.12s - 158pq - 2rq
Subscribe Now