Research expected to open up new markets for KGM.

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

According to data from SIOMMA, there were 14,732 CV units sold compared with 14,165 the previous year.

Mercedes says that it expects to sell its five millionth Sprinter before the end of 2025.

ACEA has published its 2024 EU commercial vehicle sales statistics, with new truck registrations declining by 6.3% (2024: 327,896 units) compared to 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.

In 2024, three of four main truck market segments increased to register a total of 124,933 trucks sold, a 15.65% increase over the 108,024 trucks sold in 2023, according to statistics provided by Anfavea.

The data by ANFAVEA shows truck production up by 40.5% in 2024, and that bus and coach chassis output rose by 34.7% when compared with 20,598 units in 2023.

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.

Truck market down by 2.5%, while van, bus and coach sales slip 9.3%.