Sustained growth in the truck market

The industrial vehicle market has shown remarkable growth in 2024, with a 15,6% increase in registrations during the first ten months of the year, reaching 27.010 units. This boost is especially notable in October, where registrations rose by 38,8%, totaling 4.289 units, according to data from Anfac, Faconauto and Ganvam.

However, it has not all been continuous growth. In July and August, registrations fell by 2,9% and 35% respectively. Despite these declines, year-end expectations remain optimistic due to the solid recovery of the sector in other months.

Category Analysis

The two main categories, heavy rigid trucks and tractor units, have shown significant growth in October:

• tractor units: This segment, the largest in terms of registration volume, grew by 40% in October with 3.317 units. In the year-to-date, the growth is 14,5%, with 17.475 registrations.
• Rigid vehicles weighing more than 16 tons: They rose by 43,8% in October with 588 registrations and by 17% so far this year, with 5.161 units.
• Medium commercial vehicles (6-16 tons): They increased by 25,7% in October (333 units) and by 23,4% in the cumulative total (3.678 units).
• Light industrial: This segment remains smaller, with only 51 registrations in October, although they grew by 10,9%. So far this year, they have accumulated 696 units, which represents a fall of 3,5%.

Tractor Brand Ranking

The tractor segment leads the Spanish market, and the brand analysis shows Volvo in the lead, closely followed by Mercedes-Benz Trucks. Here are the details:

• Volvo: 3.338 units (+12,6%)
• Mercedes-Benz Trucks: 3.069 units (+61,3%)
• Scania: 2.660 units (+24,8%)
• Iveco: 2.174 units (-1,9%)
• DAF: 2.166 units (+3,5%)
• Renault Trucks: 2.120 units (+34,9%)
• MAN: 1.680 units (-13,9%)
• Ford Trucks: 226 units (-39,2%)
• BMC: 42 units

Truck Market Data Table in 2024