3.2 million truck sales projected for 2018

Bumper year to deliver record global truck sales

truck on road

It’s a great time to be manufacturing and selling trucks with projections of total truck sales this year hitting 3.2 million vehicles.

That’s the projection today from industry analysts – IHS Markit.

The 3.2 million truck total (including light, medium and heavy-duty trucks) is a healthy 1.6% above the 2017 total.

If the industry hits that mark it would represent the highest ever number of trucks sold globally in a calendar year.

Driving much of the growth are the record sales taking place in China and the U.S.

Australia is also helping drive the global truck sales gains – to the end of August new truck sales in Australia were ahead 17.1%.

Meantime, IHS Markit has also updated data on what’s powering new trucks sold in the USA.

The analysts say diesel-powered commercial trucks remain the dominant fuel source, while the popularity of electric vehicles continues to increase.

Across the first six-months of 2018 diesel-powered heavy commercial vehicles increased 14.9%, while gasoline-powered vehicles declined 0.4%.

Sales of alternative-powered vehicles (i.e. electric) grew 29% year-over-year.

And despite the gains in alternative fuel, IHS Markit say commercial vehicles will continue to run on diesel fuel for the foreseeable future.

“Sixty-six percent of new medium and heavy commercial vehicles sold in the U.S. will be fuelled by diesel (diesel and diesel hybrid) in 2040, compared to nearly 80% today.

“Diesel is expected to remain the dominant fuel type globally through 2040 due to increases in fuel economy which will play a major role in keeping diesel competitive versus alternative powertrains.

“Range and load capacity requirements from long-haul, on-highway trucking will keep diesel relevant in the short- and long-term, while other propulsion types will grow in popularity as technology continues to advance.”

Stay up to date with the latest Truck and Bus Industry News at heavyvehicles.com.au.

About Joel Helmes 1836 Articles
Joel is the founder and CEO of Heavy Vehicles. With more than 20 years experience in the media, including more than 10 years heading up the car publication - Behind the Wheel, Joel is passionate about bringing a fresh perspective to the Australian road transport industry. Prior to his media career Joel worked for a number of years as a bus, truck and delivery driver.

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