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.

Chile closed the third quarter with a decrease in sales of heavy commercial vehicles by almost 20% to 1,332 registrations (trucks and buses) compared with 1,664 units in the previous period, according to ANAC.

In line with most Latin American markets, the Colombian CV market finished the period January to September 2024 with a 27.7% decrease in sales, according to data from Andemos.

Sales of commercial vehicles (trucks, buses, and minibuses) grew by 4.5% in Peru during January to September 2024 to 13,458 units compared with 12,881 units in the same period in 2023, according to the AAP.

Truck and bus registrations above 6 tons gvw in Argentina from January to end of September totaled 10,512 heavy commercial vehicles, a 5.7% decrease compared with 11,148 units registered in the same period of 2023.

In the first nine months of the year, Fenabrave reported a total of 369 electric trucks (all brands) were registered in Brazil.

The Thai market for commercial vehicles over 2 tons gvw is estimated to have plunged by a further 22% year-on-year to 50,516 units in the second quarter of 2024, having fallen by close to 37% to 64,567 units in the same period of last year.

The Indonesian market for commercial vehicles over 2 tons gvw continued to weaken in the second quarter of 2024, by 13% to 31,745 units from strong year-earlier sales of 36,474 units.

Malaysia’s commercial vehicle market over 2 tons gvw declined by 14% to 16,243 units in the second quarter of 2024 from 18,788 units a year earlier.

Vietnam’s market for commercial vehicles over 2 tons gvw began to recover in the second quarter of 2024 after almost two years of sharp decline.

South Korea’s commercial vehicle market over 2 tons gvw continued to decline in the second quarter of 2024, by over 12% to 53,662 units from 61,318 units in the same period of last year.

The Philippine market for commercial vehicles over 2 tons gvw continued to grow in the second quarter of 2024, by just over 4% to 29,273 units from 28,094 units a year earlier.