October new truck registrations continue to reflect the current economic climate with  NZ Transport Agency data confirming the market is still trending below 2023 volumes.

There were 525 registrations of new trucks with a GVM above 4.5 tonnes, compared to 561 in October last year. The year-to-date (YTD) total for the first 10 months now stands at 4,719 units while 2023 YTD saw 5,209 units registered in the same period.

The trailer market YTD total stands at 1,232 registrations – behind last year’s October YTD of 1,320 – and still a long way behind the all-time best of 1458 achieved in the same period of 2018.

In the overall truck market (4.5t-maximum GVM), the October data sees Isuzu (899 YTD/79 October) extending its YTD lead ahead of second-placed Fuso (742/31).

Scania (556/62) holds third ahead of Hino (504/66) and Volvo (335/21) remains in fifth. Mercedes-Benz (332/112) was the October market leader with a huge registration tally of 107 units in the 4.5-7.5 tonne segment.

Iveco (257/70) moves ahead of PACCAR sister brands DAF (235/17) and Kenworth (235/18) who are now tied in eighth with 235 registrations each YTD. UD (173/12) and Foton (123/9) both hold their positions to round out the top-10.

In the 3.5-4.5t GVM crossover segment, Fiat (287/48) continues to extend its lead ahead of LDV (203/17), Ford (148/14) and Mercedes-Benz (119/19).

Registrations in the 4.5-7.5t category saw Isuzu (306/26) increase its lead on Fuso (255/10) but it was Mercedes-Benz who were the standout for the month with 107 registrations.

In the 7.5-15t class, Isuzu (365/30) is extending its lead over Fuso (250/7) and Hino (154/25). Isuzu’s share in this segment currently sits at 40.6% while Foton (51/4) and Iveco (37/7) complete the top-10.

In the 15-20.5t GVM category, Hino (73/6) continues to lead while Fuso (55/4) moves one registration ahead of Isuzu (54/3) in second and third respectively. UD (30/2) retains fourth ahead of Iveco (13/0) and Scania (13/3) now tied in fifth.

In the tiny 20.5-23t GVM division there were only four registrations for the month. Scania (11/2) retains the top spot ahead of Fuso (5/0) with Isuzu (3/0) and Hino (3/2) tied in third. 

In the premium 23t-maximum GVM category, Scania (531/56) is pushing further clear with its dominant lead, registering 56 for the month to take its YTD total to 531.

Scania continues to grow its market share from 8.2% in 2019 to 15.1% in 2020, 20.2% in 2021, 18.7% in 2022, 20.9% in 2023 and now at 23.6% YTD in 2024.

Volvo (333/21) remains in second ahead of Kenworth (235/18) followed by DAF (233/17), Fuso (177/10), and Isuzu (171/20). Hino (160/20), UD (136/9), Mercedes-Benz (82/4) and Iveco (52/6) round out the top-10 brands and remain in the same ranking positions.

Trailer market leader Fruehauf remains comfortably ahead in sales, with 180 registrations YTD. Fruehauf’s 20 regos during October were the highest for the month and builds a clear lead of 62 registrations ahead of its nearest rival.

Domett (118/8) retains second ahead of Roadmaster (99/6) with Transport Trailers (81/6) and TMC (81/9) now tied in fourth. Patchell (74/4), MTE (56/3), Transfleet (44/7), Fairfax (41/3), and CWS (37/6) complete the top-10 trailer brands YTD.