The Philippine commercial vehicle market over 2 tons gvw was slightly higher year-on-year at 87,448 units in the first nine months of 2024

Sales of commercial vehicles over 2 tons gvw fell by over 12% year-on-year to 255,680 units in the first nine months of 2024.

Sales declined by 15% to 276,272 in the third quarter of 2024.

Vehicle production also saw a rise of 13.8% in the first half of FY 2024-25.

Production saw a more significant decrease of 13.7%, dropping from 37,014 units to 31,938 units.

Production decreased by 8.7%, while exports saw sales improve by 8.6%.

Tractor production decreased by a greater percentage of 9.9%, falling from 33,269 units to 29,985 units.

Medium and heavy rigid truck (7.5t GVW and above) sales slipped by 8% to 108,018 units from 117,351 units in the same period of FY2023.

For the period January to September 2024, Brazilian bus production grew by 38% to 21,197 units.

According to the Anfavea, a total of 102,611 units rolled off the assembly lines, a significant rise from the 71,765 units produced in 2023.

Domestic sales demonstrated significant growth as well, increasing by 52.8%, while production increased by 24.3%.

The Indian tractor market, ranging from 31 tons to 55 tons GVW (Gross Vehicle Weight), exhibited varied performance in the April to June 2024-25 (Q1/ 2024/25) period compared with the same quarter last year.