36,497 light duty buses were registered in the first threequarters of FY 2024-25.

Minibuses (GVW ≤ 5t, with fewer than 13 seats) recorded a 26.8% increase in sales.

The truck market registered 2847 vehicles, an increase of 3.7% on 2746 units in 2023.

The transaction, which is mainly components for car and light commercial vehicles, includes the manufacturing operations of two prominent engine parts brands of Moresa and TF Victor, which specialize in pistons and engine gaskets.

Eduardo Freitas, vice president of Anfavea, said: “We had a special year in 2024 for bus and coach chassis production, with the 34.7% increase was driven by the urban segment, which grew 41.3%, and the intercity segment, which grew by 5.4%.”

The light and medium truck segment, up to 10.5 tons gvw bucked the trend by increasing 6.2%.

Trucks sales in 2024 fell by 3.5%, whereas bus and coach sales declined steeply by 32.8%.

Truck sales at 15,308 units in 2024 was the second highest in the ten last years.

The market for commercial vehicles over 2 tons gvw in Vietnam continued to recover in the third quarter of 2024, with sales growing by 21%.

Sales of commercial vehicles over 2 tons gvw in Thailand continued to plunge in the third quarter of 2024, by 45% to 45,111 units.

The commercial vehicle market over 2 tons gvw continued to decline sharply in the third quarter of 2024, by almost 19% to 43,267 units from an already weak 53,150 sales a year earlier.

The market for commercial vehicles over 2 tons gvw declined by over 17% to 16,517 units in the third quarter of 2024 from strong year-earlier sales of 19,966 units.