Tractor sales grew by 70.7% during the third quarter (October to December) during financial year 2021-22 (Q3:21/22 to register 6,910 units compared with 4,049 units in the same quarter of the previous year (FY20/21), with the heavy weight tractor segment being the main contributor to growth.

Domestic sales of buses (7.5t gvw and above) increased by a massie 110.8% in the third quarter (Q3: October to December) of the financial year 2021-22 to register 3,624 units, up from 1,719 units in Q3/2020-21.

Sales of light duty vehicles (7.5t & below) rose by 26.2% to register 3,535 units in Q3 (October to December) of FY 2021/22 from 2,801 units in Q3 of FY2020/21.

The SMMT reports that the UK market for LCVs below 3.5t grew by a fifth, while that for rigid LCVs between 3.5-6t shrank by 11.4%.

The South Korean market for commercial vehicles over 2 tons gvw fell by almost 11% to 51,640 in the fourth quarter of 2021 from 57,810 units in the same period of the previous year, based on data from various industry sources. 

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, declined by almost 10% to 305,868 units combined in the third quarter of 2021 after falling by 17% to 338,776 units in the same period of last year.

Japan’s market for commercial vehicles over 2 tons gvw declined slightly to 100,778 units in the third quarter of 2021 from an already weak 101,522 units a year earlier.

The market for commercial vehicles over 2-tons gvw across the Philippines weakened significantly in the third quarter of 2021, by almost 23% to 17,726 from already weak year-earlier sales of 22,888 units.

The Malaysian commercial vehicle market over two tons gvw plunged by over 31% to 10,476 units in the third quarter of 2021 from 15,288 units a year earlier.

The Thai market for commercial vehicles over 2 tons gvw declined by over 24% to 81,585 units in the third quarter of 2021 from an already weak 65,795 units in the same period of last year.

Sales of commercial vehicles over 2 tons gvw in Vietnam plunged by over 39% to 8,785 units in the third quarter of 2021 after declining by over 17% to 15,462 units in the same period of last year.

The market for commercial vehicles over 2 tons gvw rebounded by over 89% to 33,195 in the third quarter of 2021, after plunging by 59% to 17,533 units a year earlier.