11,068 new HGVs were registered in Q1 2024, only 449 fewer units than the same period of 2023, according to statistics published by the Society of Motor Manufacturers and Traders.

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

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

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.

Ecuador recorded sales of 3,669 commercial vehicles in the first quarter of 2024, a decrease of 6.2% compared with 3,911 units invoiced in the same period last year.

Sales of heavy commercial vehicles in the Colombian market were negative for the third month in a row this year, according to data from Andemos (National Association for Sustainable Mobility).

The Chilean commercial vehicle (truck and bus registrations combined) market continued to fall in the first quarter of this year, with 3,306 units sold, down 20.4% on the 4,156 units sold in the same period of 2023.

Truck and bus registrations above 6 tons gvw during the first quarter of 2024 in Argentina fell by more than 1,000 units.

In the period January to March 2024, truck production reached 29,327 units, an increase of 19.7% over the 24,497 vehicles manufactured in the same period in 2023 according to the National Association of Motor Vehicle Manufacturers (ANFAVEA).

Production of bus and coach chassis increased by 61.6% to 6,490 units in the first quarter of 2024 compared with 4,105 in the first quarter of the same period in 2023, according to data supplied by ANFAVEA.

Vietnam’s commercial vehicle market over 2 tons gvw continued to decline in the fourth quarter of 2023, by over 16% to 14,877 units from already weak year-earlier sales of 17,766 units.

The Thai commercial vehicle market over 2 tons gvw plunged by 37% to 68,295 units in the fourth-quarter of 2023 from 108,498 units a year earlier.