TIC welcomes strong January 2018 truck sales

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The Truck Industry Council (TIC) has welcomed the extremely strong start to the year made by the truck sales industry in Australia.

2,227 units were handed over to customers in the month – a total 16% up on the same month last year and close to an all-time January record (2,247 vehicles were delivered in Jan 08).

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History shows that in 2008 the Global Financial Crisis put the brakes on the industry by the middle of that year, the TIC saying hopefully nothing like that will happen again.

In the TIC’s regular monthly analysis of the January result it was noted that the result for the Heavy-Duty truck segment was a highlight.

756 HD units were sold in January, up 57.8% on the first month in 2017.

The Medium Duty segment also performed well in with 437 truck deliveries, a gain of 21.4%, while Light Duty truck sales climbed just 7.0%.

“Yet another strong start to a year, even better than 2017 that went on to become the second best on record for new truck sales.” President of TIC, Phil Taylor

While Tony McMullan, CEO of the TIC says it was great to see the strong 2017 results continue.

“It is a healthy start to a new year for heavy vehicle sales and the momentum of 2017 has certainly carried through to 2018.

“With Australian Bureau of Statistics numbers indicating that our truck fleet is getting older, we need very healthy new truck sales to arrest this concerning year-on-year trend.

“An old truck fleet is less safe, not as environmentally efficient and has lower productivity. All factors that need to be addressed by Government if Australia is to achieve its road transport objectives in these areas.

“Strong sales growth will help; however Government needs to do more in this area. Let us hope that 2018 is the turning point for these issues.”

Related: Booming U.S. truck orders to start 2018

We’ll keep you updated with all the latest truck sales data as it comes to hand through 2018.

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