ARTSA-i releases Q3 heavy vehicle market report

An authority on heavy vehicle information, ARTSA Institute (ARTSA-i) has reported growth in new registrations is moderating based on September quarter data.

Historically, new registrations grow throughout the quarters of the calendar year with a generally slow Q1 (end March) and building throughout the year ending on a high at Q4 (end December). The data below shows a softening of that trend for Q3 quarter (end September) compared with previous history.

The graph below shows the comparison of new vehicle registrations for heavy vehicles across heavy prime movers, heavy trailers, medium and heavy rigids and heavy buses.

New registrations, according to ARTSA-i, are healthy with an annual figure of nearly 39,000 units across all categories of heavy vehicles (inclusive of medium rigids). This compares with 32,700 the previous year or some 18.6 per cent growth in the last 12 months to end September 2021. The graph below shows this comparison for the last three years across the four categories of vehicles.

Going forward, ARTSA-i said anecdotal evidence from industry discussions suggests that while forward orders are at record levels, supply issues with components is holding up deliveries and stretching lead times out in some cases to six to nine months for trailers and prime movers.

The next quarter data will prove interesting to see if the historic strong finish to the year can be sustained against the supply chain challenges of component supply.

ARTSA-i Data analytics can supply a range of custom reports that provide considerable detail by manufacturer, but can also be analysed by State, by year and other variables such as registration category, VIN (for OEM VIN owners), postcode, age and more.

For more information on the data that can be purchased contact the ARTSA-i Data analytics Executive Director, Rob Perkins on rob@artsa.com.au or phone +61 411 402 832.

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