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Truck market remains strong

Truck market remains strong

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The New Zealand new truck market continues to break records with 424 registrations (trucks with a GVM of 4.5 tonnes or more) during April.

It was a 4.1% improvement on the previous best-ever April registrations tally of 407 units recorded last year according to official NZ Transport Agency data. And year-to-date for the first four months of the year the total is 1952 units – a 13.9% increase on last year’s 1713 registrations and also a record number for January-April.

The trailer market – while buoyant with 104 April registrations – is still 42 units shy of 2018’s record April performance of 146 registrations. The YTD total at the end of April stands at 454, 14.3% behind the 2018 YTD total of 530 but 13 units ahead of the Jan-April 2022 numbers.

In the overall 4.5t to maximum GVM new truck market, Fuso is back into the leading position for the month with 106 registrations – taking its 2023 YTD total to 416. Fuso’s market share year-on-year has increased from 20.5% to 21.3%. 


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The New Zealand new truck market continues
to break records with 424 registrations (trucks with a GVM of 4.5 tonnes or more) during April.

It was a 4.1% improvement on the previous best-ever April registrations tally of 407 units recorded last year according to official NZ Transport Agency data. And year-to-date for the first four months of the year the total is 1952 units – a 13.9% increase on last year’s 1713 registrations and also a record number for January-April.

The trailer market – while buoyant with 104 April registrations – is still 42 units shy of 2018’s record April performance of 146 registrations. The YTD total at the end of April stands at 454, 14.3% behind the 2018 YTD total of 530 but 13 units ahead of the Jan-April 2022 numbers.

In the overall 4.5t to maximum GVM new truck market, Fuso is back into the leading position for the month with 106 registrations – taking its 2023 YTD total to 416. Fuso’s market share year-on-year has increased from 20.5% to 21.3%. 

Isuzu holds a close second place with 90 registrations for the month of April and 406 registrations so far in 2023. Isuzu has also increased its share YOY to 20.8%.

Fuso and Isuzu are edging clear of third-placed Hino with 257 registrations YTD (down from 289 last year). Hino’s market share is on a downward trend, dipping from 16.9% last year to 13.2% this year.

Another major player gaining market share is Scania (YTD 185/April 35) to rank fourth YTD with 9.5% market share - up from 7.2% YTD last year (123 registrations).

Volvo (100/11) retains fifth ahead of UD (94/21), Iveco (93/21), DAF (91/27) and Mercedes-Benz (72/14) all retaining their positions while Foton (51/13) moves ahead of Kenworth (49/7) to round out the top-10.

There are no surprises in the crossover 3.5-4.5t GVM segment, with Fiat (73/20) continuing to open up an already-dominant lead on Ford (47/6) and Mercedes-Benz (41/4). 

In the 4.5-7.5t GVM class, Fuso (214/50) continues to hold a significant lead ahead of second-placed Isuzu (109/22) and Iveco (61/14) in third. 

In the 7.5-15t GVM category, Isuzu (190/45) is opening up its lead on Hino (75/17) and Fuso (59/17). Foton (31/7) retains fourth ahead of Iveco (13/1).

In the 15-20.5t GVM division, Hino (29/8) retains the lead ahead of second-placed Fuso (18/5). UD (17/2) holds third, ahead of Scania (9/3) in fourth and Mercedes-Benz (7/0) in fifth. 

In the tiny 20.5-23t segment, there were no registrations for the month. Hino (5/0) continues in the top spot ahead of Isuzu (2/0) and Fuso (1/0), the only three brands to register any trucks in this market. 

In the premium 23t to maximum GVM division, Scania (176/32) consolidates its hold on the No. 1 spot YTD. Fuso (124/34) retains second place ahead of Hino (106/19) while Isuzu (99/23) moves ahead of Volvo (95/10).

DAF (86/26), UD (76/19), Kenworth (49/7), Mercedes-Benz (46/12), MAN (35/2) complete the top-10.

In the trailer market, Fruehauf (54/10) is holding its 2023 lead over second-placed Patchell (48/13) while Roadmaster (35/8) is up to third ahead of Transport Trailers (34/6). TMC (31/7), Domett (26/6), MTE (22/5) and Transfleet (13/2) all remain in unchanged positions while Tidd (11/3) and Fairfax (11/3) are now tied and move ahead of TES to round out the top-10.  


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