Sales of repossed trucks increased by an estimated 7%. For the first quarter of this year an estimated 23 thousand commercial trucks were sold, which is 7% more than a year earlier.
This sales growth is observed in virtually all manufacturers of trucks including Peterbilt, Freightliner, Kenworth and Volvo. However it has been calculated that full restoration of the commercial truck market will not be for at least another three years.
Heavy duty truck sales in the first quarter of this year began to rise slowly. Light commercial trucks of up to 6 tons sold about 21,062 untis, which is 6% more than a year earlier. At the same time three leading players crept up closely.
Sales of commercial trucks for Hyundai grew almost 4.7 times, up to 922 pieces and rising from 10th place in the beginning of last year. Toyota was not as lucky, sales collapsed by 90%, a total of eight trucks compared to 78 units from last year.
Repo semi trucks in the 16 ton range were able to catch up. Overall sales in the segment grew by 87%, up to 1995 trucks. We are pleased to see such a positive trend. This applies particularly to the segment of heavy trucks. To judge the restoration of growth can only be based on sales of the second quarter, according to the head unit to provide services to the automotive industry Ernst & Young. According to the deputy chairman of the committee commercial vehicle manufacturers market recovery in the cargo segment is expected no earlier than three or four years.