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Heavy vehicle market sustains growth

Truck and buses sales increased by 12.5% in the first quarter

By Redação AutoIndústria | 4/4/23 | Translated by Jorge Meditsch

Despite the heavy vehicle market cooldown indications due to the transition from Proconve’s phase 7 to 8, deliveries in the first trimester increased by 12.45%. Truck and bus licensing reached 34.8 thousand units, compared to 30.8 thousand in 2022.

According to Fenabrave’s data released this Tuesday, 4/4, the truck market purchased 9.3 thousand units, a 19.7% increase over February (7.8 thousand), but 7.3% lower than in the same month last year (10.1 thousand).
27.4 thousand trucks were delivered, 2.6% more than one year ago (26.7 thousand units).

According to Andreta Jr., Fenabrave’s president, the warmed sales still refer to the previous generation’s Euro 5 trucks. “The market is adjusting to the new vehicles, but credit remains selective and financing conditions impact performance”, he said in a note.

The heavy market shows a consistent recovery

The bus market keeps recovering, a cycle identified since the last months last year. Despite low comparison basis, deliveries in March evolved by 28.4% over February to 2.9 thousand units and by 68.6% compared to the same month in 2022 (1.7 thousand).

In the first quarter, sales achieved 7.3 thousand buses, more than the 4.2 thousand deliveries last year. “Consistent recovery signals are already visible. Last year’s growth was 23.4%’, recalls Andreta Jr.


 

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George Guimarães

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