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.



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