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Feb 8, 2015

TRUCKS MARKETS * Australia: TIC CEO Tony McMullan wants government incentives in place to encourage operators to update their fleets

* Truck Industry Council laments poor start for truck sales

-- Manufacturers disappointed with January sales figures, as the average age of trucks heads toward 14 years... Sales of new trucks in January only just reached 1,600 units, down 7 per cent on January 2014... Compared with the record pre-GFC January of 2008 when well over 2,200 trucks were sold, this January’s result is down almost 30 per cent... A total of 518 heavy trucks were sold for the month, down 13 per cent on the start of 2014... Light Duty trucks also took "quite a hit" with only 448 sales, down by 16 per cent, "and one of the worst starts to a year for this segment in the last decade"... However, the Medium Duty segment was "something of a surprise" with sales up slightly to 336 trucks... TIC says heavy commercial vans continued to go against the general trend, as they did in 2014. In January total sales were 312, up 15 per cent – the best ever start to a year for the van segment... CEO Tony McMullan says TIC expects the average age of trucks to exceed 14 years in the next year or two, and he believes government needs to do more to entice operators to update their rigs... Sydney, NSW, Australia -ATN -6 Feb 2015

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