Capital Equipment News February 2018

COMMERCIAL VEHICLE MARKET

IN TOUGH TERRAIN On the back of tough market conditions, the South African truck market slipped 2,65% in 2017 compared with 2016. However, slight growth is anticipated in 2018, with the new political climate, improving business confidence and a strengthening Rand, among the factors likely to give the market some reprieve, Munesu Shoko .

QUICK TAKE

Extra Heavy Commercial Vehicle segment recorded the only increase in unit sales year-on-year, by a marginal 0,96% to 11 967 units

Total South African truck market declined 2,65% to 25 042 units sold in 2017 compared with 2016

South African commercial vehicle market forecasted to grow 1,5% in 2018

The Heavy Commercial Vehicle market went down 4,76% to 5 290 units

The Medium Commercial Vehicle market declined 6,37% year-on-year to 7 785 total unit sales

CAPITAL EQUIPMENT NEWS FEBRUARY 2018 20