Overall, in the first quarter 2023, the CV market in China fell by 3%.

Sales of new commercial vehicle in China rebounded by over 29% to 324,000 units in February 2023 from 250,000 units in the same month of last year, reports CAAM.

The VW Meteor, which replaced the TGX MAN truck model, was introduced to Brazil in September 2020.

On 30 March, Schmitz Cargobull UK Ltd marked the official opening of its trailer assembly facility with a ribbon-cutting ceremony attended by customers and members of the press.

Bus and coach and truck exports in Q1 at more than 5,000 unit still significant for Brazil's economy

The commercial vehicle segment in Peru reached sales of 3,968 units in the first quarter of this year, down 15.5% compared with the same period last year, when 4,696 vehicles were licensed, according to the AAP (Automotive Association of Peru) of Lima.

3,140 of the total 4,056 CVs registered in Q1 of 2023 were trucks , a decrease of 21.0% compared with 3,973 units sold in the previous first quarter last year.

Iveco achieved market leadership in Argentina with a strong increase in registrations of 1,313 units, a 42% rise on 920 registered in the first quarter of 2022.

Introduction of Proconve P8 (Euro 6) emissions legislation on January 1, 2023, hits orders for trucks and buses.

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.

"The market in 2022 started coming back with between 700 and 800 units registered. The number this year is expected to be well over a 1,000 probably closer to 1,500 maybe even higher at 2,000 units," said Pantuso at the Busworld North America Exhibition in Detroit, USA.

Over the next five years the global market for bus and coach is expected to almost double from around 169,000 in 2022 to 309,000 in 2027, according to Krishna Achutan, Program Manager at Frost & Sullivan speaking at a Busworld foundation seminar at Busworld North America.