The release of the November 2018 VFACTS new vehicle sales data has all but confirmed what many industry commentators have been quietly predicting, with Heavy Commercial Vehicles sales on track to break the 40,000 vehicle barrier for the first time. The closest to this previously was 2007, where 38,131 sales were recorded, but sales fell off sharply by 2009, with the global financial crisis seeing the market drop to 28,654 units.
Looking ahead to December, just 160 sales are needed to set a new local market record, with 2,028 the magic number to push past 40,000. Given 2016 (3,060 sales) and 2017 (3,478 sales) both comfortably beat that number, it's looking good for the Australian trucking industry.
To find out more about the latest trends in the Australian truck industry, please visit www.acaresearch.com.au/truckinsights.