TIC bosses eye another strong annual truck sales total


Momentum behind heavy duty and van figures gives reason for cheer

 

Senior Truck Industry Council (TIC) executives are refusing to use the term "record" for the commercial vehicle sales year’s likely performance.

But they feel the next best thing in on the cards and have again underlined the heavy-duty segment.

"It was great to see strong heavy vehicle sales in October, with again the Heavy Duty Truck segment forging ahead as it has done for all of 2017," TIC president Phil Taylor says in a commentary on October’s figures.

"With just two months remaining I am pleased that the strong sales we saw in the first half of the year have continued.

"I feel that we are unlikely to see an industry sales record by the end of this year, but we could see the second strongest year on record and that would be very positive news for the road freight transport sector."

TIC CEO Tony McMullan was also keeping something of a lid on the excitement and looking to next year for further inspiration.

"I am pleased to see a very strong performance from the Heavy Duty Truck segment in October with solid results in Medium Duty Truck and Light Duty Van," McMullan comments.

"All segments are tracking higher than they were at this time in 2016 and that is positive news for the industry.

"I believe the momentum built year-to-date will continue for November and December to produce the best sales result we have seen since the Global Financial Crisis.

"Hopefully a solid year end to 2017 will result in a healthy start to 2018 and continued sales growth next year."

TIC also praised the light duty van segment, saying it remains the second strongest growth segment in 2017, after heavy trucks.

October was another solid month, with light van sales up 11.2 per cent, 53 vans more than the same month last year.

In total 525 vans were sold in the month. 

Year-to-date, the tally continues to build on 2016 volumes with 4,873 vans delivered to the end of October 2017 compared to 4,506 this time last year, an increase of 8.1 per cent this year.

 

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