The market for commercial vehicles over 2 tons gvw in the Philippines expanded by more than 5% to 27,959 units in the first quarter of 2024 after a slight decline to 26,597 units in the same period of last year.

The market for commercial vehicles over 2 tons gvw in Vietnam declined by almost 6% to 11,105 units in the first quarter of 2024

The Chilean market faced another month of declining sales in May compared with 2023, as reported by the National Automotive Association of Chile (ANAC).

Year-to-date, truck sales have increased by 4.8%, with a total of 46,785 units sold compared to 44,663 units sold from January to May 2023.

From January to May, 12,029 bus chassis were produced, a significant increase from the 7,590 units produced in the same period last year.

The Indonesian market for commercial vehicles over 2 tons gvw plunged by 42% to 27,187 in the first quarter of 2024 from strong year-earlier volumes.

The Malaysian commercial vehicle market over 2 tons gvw declined by 16% to 17,189 units in the first quarter of 2024 from strong year-earlier sales of 20,484 units.

The market for commercial vehicles over 2 tons gvw in South Korea plunged by almost 27% year-on-year to 47,993 units in the first quarter of 2024 compared with strong year-earlier volumes.

The Thai commercial vehicle market over 2 tons gvw plunged by 42% to 54,398 units in the first quarter of 2024 from an already weak 93,107 units a year earlier.

The market for commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the first quarter of 2024 - with sales falling sharply by more than 28% year-on-year to 268,053 units.

The Japanese market for commercial vehicles over 2 tons gvw fell by more than 24% to 82,222 units in the first quarter of 2024 after rebounding by 12% to 108,502 units in the same period of last year.

Tractor sales in FY 2023 (financial year ending March 31, 2024) increased by 19.0% to 69,089 units.