Truck sales grew in October but are still far from last year’s performance

By Redação AutoIndústria | Translated by Jorge Meditsch

The truck market showed signs of recovery in October, growing 8.4% from September to 9.1 thousand units. Despite the improvement, sales were not strong enough to achieve last year’s numbers.

October sales were 13.4% lower than last year’s, when 10.5 thousand vehicles were sold.

The same decline is shown in the year-to-date figures. From January through October, haul operators purchased slightly more than 85 thousand trucks, 17.1% less than last year (102.5 thousand units).

According to Fenabrave, market recovery is being slow due to well-known factors, like financing restrictions, high interests and higher prices due to the need for more technology to meet Proconve’s new regulations.

“Technology changes are consolidating and Euro 6 trucks already account for 50% of the sales this year”, said Andreta Jr., Fenabrave’s president. “It is important to remark that the price of these vehicles is higher, which causes transporters to remain indecisive about purchases because freight prices did not keep up with this evolution.”

Photo: VWCO