“AMIC”: 8.9 Thousand Sales of Locally Assembled Trucks in 10 Months

Sales of locally assembled trucks during the first 10 months of 2024 increased significantly, reaching 8.9 thousand trucks compared to 7.9 thousand trucks in the same period of 2023, reflecting a growth of 11.6%, according to the monthly report issued by the Automotive Market Information Council (AMIC).

In contrast, sales of imported trucks experienced a sharp decline during the same period, with only 1.4 thousand trucks sold compared to 2.3 thousand trucks in the previous year, marking a decrease of 38.5%.

Leading Brands in the Truck Market

The Chevrolet brand dominated truck market sales during the first 10 months of 2024, selling approximately 7.7 thousand trucks and achieving a commanding market share of 74.7%.

The “Toyota” brand secured second place with a market share of 10.3%, recording over 1,000 trucks sold.

Following closely, the “Mitsubishi” brand claimed third place with a market share of 5.5%, selling a total of 575 trucks.

The “GMC” brand rose to fourth place with a market share of 4.8% and total sales of 500 trucks. The “MCV/Mercedes” brand took fifth place with a market share of 3.1%, selling 327 trucks.

Other Notable Performances

• The “Hyundai” brand ranked sixth, selling 52 trucks.

• The “Suzuki” brand followed in seventh place, selling 50 trucks.

• The “Volvo” brand took eighth place with 31 trucks sold.

• Finally, “Shacman” ranked ninth, selling 10 trucks.

Overall Market Performance

According to the AMIC report, total truck market sales during the first 10 months of 2024 rose slightly by 0.1% compared to the same period in 2023.

A total of 10.38 thousand trucks were sold, compared to approximately 10.37 thousand trucks in the previous year.

This performance underscores the resilience of locally assembled trucks amid challenging market conditions, while imported trucks faced a notable downturn.

The Chevrolet brand’s strong market presence continues to shape the competitive landscape, with other brands striving to increase their market shares in an evolving industry.