Swedish Truck Market Continues Consecutive Decline, Reducing the Progress of 2021’s First Half

BIL-Releases-October-Figures

With 2,401 trucks sold in October, the market has seen a comparative 27% decline from the previous October, although the market is still 30% up on last year in year-to-date terms, with electric trucks increasing by over 100%, indicating that the Bonus Malus system has helped the move towards electrification, in figures released by BIL Sweden for October. Buses continue to see drastic declines in registrations, indicating that the market is still going through a turbulent period, in part because of the ending of the Bonus malus programme.

One in Ten Trucks Now Electrically Powered

With a 27% drop in registrations in light trucks compared to October 2020, the market is not yet stabilising. Although the year-to-date figures for 2021 show a 30% increase over 2020, the market is still noticeably 20% down on 2019's figures. So far, the sales account to 31,029, against 23,892 the year before. Jessica Alenius, Deputy CEO for BIL Sweden, explains that the economy’s strong recovery, as well as a need for fleets to renew their commercial vehicles, have made the difference. Ford (437 sales), Renault (370 sales) and Volkswagen (368 sales) were the brands that registered the highest sales for October

In terms of electric commercial vehicles, there has been a clear rise, although it’s still a relatively small element of the market, with 12% more sales this October and an increase of 6% on year-to-date sales. In terms of individual sales, for the first ten months, sales have increased 100% on last year’s 997, with just under 2,000 sales this year. The Bonus malus system has helped this turn of events by increasing the yearly bonus, however, there are also more models and options for customers, which has helped the healthy rise in sales.

As the Bonus malus system will come to an end next year, we can see that the transition to electrification has only come so far in terms of overall sales.

Heavy trucks over 16 tonnes have decreased by nearly 14% this month. Volvo and Scania were the biggest sellers this month with 356 combined registrations. So far this year, 4,372 heavy trucks have been registered, however, which is an 8% increase. Alenius sees the recovery as the reason for the healthier figures for this year.

Buses Continue to Halve Going into 2021

In more extreme figures, bus registrations in October only reached 32, which is a decline of 48% on the year before. This matches the yearly decline, with only 548 buses registered this year so far. Like electric trucks, there has been an upward swing, with one-quarter of sales being in electric buses.

About the author

Adrian, located in Madrid, is joining the editorial team as a correspondent for the Valebridge Publications Ltd Group. Before starting in 2020 for Commercial Tyre Business, Adrian graduated with an English degree before working within marketing and recruitment in the non-profit sector. Recently he changed direction, undertaking a course in Marketing and International Business as a means towards moving into the journalism field, which he counts as his lifelong ambition.

Email: adrian.stuart@retreadingbusiness.com

Phone: (44) 1270 668 718

 

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