In the first quarter of this year, the Colombian CV market recorded sales of 9,421 units, corresponding to an increase of 9.7% (931 units) above the 8,590 vehicles sold in the same period of 2022.

Vietnam's CV market dips but relatively stable.

South Korean CV market remains dominated by small trucks 5 tons and below.

Malaysian market for CVs (up 40%) heavily dependent on strong pickup sales (up 42%).

Japan's CV market sector loses 55,000 units in a year.

The Thai CV market in 2022 despite a weak last quarter finished 2022 up 13%.

Medium sized truck market remains largest segment overall in Indonesia.

The CV market in the Philippines is dominated by the pick up sector.

The seven major markets of East Asia (excluding China) has grown by 125,000 commercial vehicles in the last two years.

Economic growth in China slowed sharply last year to 3%, missing the government’s 5.5% target as tough lockdowns were implemented in major cities across the country for extended periods to control the Covid pandemic.

CME reported total bus and coach registrations in EU27+4 of 25,658 units in 2022, a decrease of 5.9% from 27,277 units in 2021 and a 22.2% fall from the record year in 2019 of almost 33,000 (Note: Figures for 2020 are not provided by CME).

CME’s figures indicate that after seven straight years of growth of city buses powered with alternative drivelines, deliveries in 2022 within the EU27+4 countries fell marginally in volume terms to 9,543 units, down from 9,813 in 2021.