The market for commercial vehicles over 2 tons gvw in South Korea plunged by almost 27% year-on-year to 47,993 units in the first quarter of 2024 compared with strong year-earlier volumes.

The Thai commercial vehicle market over 2 tons gvw plunged by 42% to 54,398 units in the first quarter of 2024 from an already weak 93,107 units a year earlier.

The Japanese market for commercial vehicles over 2 tons gvw fell by more than 24% to 82,222 units in the first quarter of 2024 after rebounding by 12% to 108,502 units in the same period of last year.

Sales of light-duty passenger vehicles (7.5 tons and below) increased by 16.8% to 51,750 units in FY 2023 (ending March 31, 2024).

The market demand fell by 2.8% in the fourth fiscal year quarter of 2023/24

Andersson as its new president (managing director), replacing Thomas Hemmerich, who had been in the job since 2021.

Fuso, Mitsubishi Motors and Mitsubishi Corporation to operate an online platform JV providing information and one-stop services relating to electric vehicles (EV). 

CV sales grew almost twice as fast as the economy (5.1%) in the first quarter this year.

This is claimed to be the first time school minibuses have been fitted with automatic transmissions.

Sojitz Fuso said the Canter Modern PUV Class 2 aims to provide a reliable, durable and efficient transportation solution to Philippine commuters.

Isuzu said its new PUV was developed to support the Philippine Department of Transportation’s PUV Modernization Programme (PUVMP), which aims to replace the ageing fleet of “jeepney” public transport vehicles across the Philippines.

Contrary to the performance recorded by most Latin American countries, Peru experienced a positive performance in commercial vehicles sales in the first quarter of 2024.