Press Releases

International market for commercial vehicles exhibits strong growth

Berlin, 27 August 2018

In July, the US market grew by 18 percent – China recorded an 8 percent increase – Western Europe achieved 2 percent – rapid growth in Brazil and India

Up till now, the international markets for heavy-duty commercial vehicles have done well in the course of 2018. The major single markets – China, USA, Western Europe and India – exhibited positive growth rates across the board throughout the first seven months of the year. This augers well for the 67th IAA Commercial Vehicles, the world’s leading trade show for transport, mobility and logistics which is scheduled to take place from 20 - 27 September in Hannover. Its organiser: the German Association of the Automotive Industry (VDA).

China remains by far the largest market for heavy-duty vehicles. Having increased by 8-percent to around 858,000 vehicles, it has once again surpassed its record volume of sales from the first seven months of the previous year. However, given last year's high level of sales, we cannot assume growth will continue at the same pace throughout the entire year. Instead, we are actually expecting demand to cool off during the second half.

Western Europe’s market grew by 2 percent to 176,000 vehicles in the period up to July. Italy proved the most dynamic of the volume markets (+10 percent). France (+7 percent), Spain (+5 percent) and Germany (+1 percent) also demonstrated positive growth rates. Great Britain is a different story however, with the downward trend in the sale of heavy-duty vehicles that started back in 2017 continuing in the year under review (-8 percent).

After a sound year-end result for 2017, the US truck market has again clearly picked up momentum. With a good 266,000 heavy-duty commercial vehicles, sales for the first seven months of this year were 18 percent above last year's level. And in the heavy-duty segment (over 15 tonnes), they were even up by more than 30 percent.

Brazil's resurgent economy is generating a substantially higher demand for trucks. Between January and July 2018, around 51 percent more heavy-duty trucks were sold than in the same period of time last year. Even the truck drivers’ strike at the end of May failed to undermine this positive trend. Nonetheless, sales are a good 60 percent below 2011’s record level.

Sales of heavy-duty trucks are booming in India. In the first seven months of 2018, some 219,000 trucks over 6 tonnes were sold. That's a good 45 percent more than last year – and a new record high. This development reflects India’s strong economy.

 

Jan.-Jul. 2018

+/- in %

Western Europe (EU15+EFTA)

175.900

2,3

China

857.900

7,8

USA

266.500

18,2

Brazil

36.500

51,3

India

218.700

45,4

Eckehart Rotter
Eckehart Rotter Head of Department Press

Tel: +49 30 897842-120 Fax: +49 30 897842-603
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