The Malaysian commercial vehicle market over 2 tons gvw expanded by more than 5% to 22,217 units in the fourth quarter of 2023 from 21,050 in the same period of the previous year

The Indonesian market for commercial vehicles over 2 tons gvw continued to decline sharply in the fourth quarter of 2023, by 29% to 34,552 units from 48,636 units a year earlier.

The commercial vehicle market over 2 tons gvw expanded by 12% to 91,830 units in the fourth quarter of 2023 boosting annual sales overall.

Sales of commercial vehicles over 2 tons gvw in East Asia’s seven main markets, excluding China, continued to deteriorate in the fourth quarter of 2023, with sales falling by more than 14%.

New energy commercial vehicles (NECVs), comprising mainly hydrogen, electric and plug-in hybrid vehicles, increased by 32% to 447,000 units.

The UK market for heavy goods vehicles (HGVs, i.e., trucks >6t) grew by 13.5% to 46,227 registrations in 2023, making it the best year for the UK truck market since the COVID-19 pandemic, according to statistics published by the SMMT.

The UK bus and coach market in 2023 grew by 44.6% to register 4,932 units, a promising level of growth which still remains below the pre-pandemic figure of 5,874 units (2019), according to statistics published by the SMMT.

The total number of city buses with alternative drivelines in European Union 27 countries plus the UK, Norway (NO), Iceland (ICE) and Switzerland (EU 27+4) totalled 13,466 units  comprising 6,354 electric buses (excludes trolley buses), 4,022 hybrid-electric buses, 2,883 CNG buses and 207, hydrogen (fuel cell) buses.

Bus and coach deliveries in Europe* reversed a three year downward trend in 2023 increasing by almost 21% (*Countries EU27+UK+ICE+NO+CH).

Total haulage tractor sales increased by 38.8% in the first three quarters (April to December) of fiscal year (FY) 2023-24.

Tractor sales grow overall by 25.3% during the third quarter of FY 2023-24 compared the same quarter of the previous year (FY 2022-23).

Domestic sales of buses and coach of 7.5t gvw and above, finished the third quarter (October to December) of the fiscal year 2023-24 up by 28.8% with registrations of 10,799 units; this compares with 8,387 units in Q3 of FY 2022-23.