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Truck sales continued to climb by a noteworthy 10.2%, to 20 500 units during August and year-on-year sales results for August also show a 26.9% increase on sales, reaching a total of 2 844 units.
Jacques Carelse, MD of UD Trucks Southern Africa says -T
We also believe that the higher sales rate was driven by some pre-emptive buying by fleet owners who wanted to avoid further price increases, which are imminent due to the weaker Rand exchange rate.
Looking at the performance of the various truck marke
According to International Monetary Fund data, the top 30 fastest-growing countries, such as Mongolia, Angola, Rwanda, Nigeria and China, were all in the developing world.
UD Trucks Southern Africa-UDTSA- is currently in the process of researching, tes
April was an overall disappointing sales month for the local truck industry with the total 2 350 trucks sold registering a 7.63 percent decline over the same month last year.
However, despite the difficult trading conditions during April, the total truck market has still reported a 2.42 percent year-to-date growth and remains on track to post a modest 4.5 percent increase in sales for the year.