Thu, 27 Jan 2022
22.7 C
Durban

Truck maker grows market share despite torrid 2020

Home Manufacturing & Processing Automotive Truck maker grows market share despite torrid 2020

ISUZU Motors South Africa (IMSAf) recorded total sales of 2 587 trucks and buses in 2020. Trucks led the charge with total sales of 2 570 units, making Isuzu the number one Japanese Original Equipment Manufacturer (OEM) in the Medium and Heavy Commercial Vehicle segments for eight and seven consecutive years respectively.

Despite tough trading conditions in a commercial vehicle market in 2020, which was down 18.9%, Isuzu’s share increased by 0.4%. Isuzu recorded total truck sales of 2 570 units in 2020 which represents 13.4% of the overall market.

“2020 was a tough year for everyone and we found ourselves facing unprecedent challenges at every level of the business,” said Craig Uren, Sales, Service, and Marketing Senior Vice President.

“I must commend team IMSAf for a job well done under very difficult circumstances. Isuzu trucks continues to demonstrate the long-term benefits of strong customer service and relationships. We are also very proud to have such strong and competitive products in the key segments of the commercial vehicle market.”

Uren said Isuzu trucks had proved to be a popular choice for fleet operators due to the brand’s reputation of manufacturing durable and efficient vehicles for a wide range of commercial applications.

“Engineering and technology is a key factor in the success of our products in this space. The Automatic Manual Transmission (AMT) for example is an outstanding feature which brings real world benefits to fleet operators as it offers significantly more economical operation of the trucks due to less wear on transmission components.”

Isuzu also performed better than expected in the Light Commercial Vehicle segment with the D-MAX bakkie maintaining strong sales throughout the year with a total of 12 724 units sold in 2020, compared to 16 156 units sold in 2019.

Uren said that despite the drop-in sales volume the D-MAX sales outperformed the overall LCV market which saw a decrease of 24.8% with total sales of 77 449 in 2020 compared to 103 019 units sold in 2019. Isuzu gained 0.7% market share to 16.4% compared to 15.7% in 2019.

The strong performance was driven in part by a refreshed model year 2019 line-up and the continued success of the X-Rider nameplate.

Isuzu’s 7-seater SUV, the mu-X rounded up the 2020 sales with 312 units sold and a market share of 2.3%.

“The Isuzu sales and marketing teams were able to adapt quickly to the changing environment with creative, innovative solutions to offer value to customers while driving traffic to our dealerships. We also commend our dealer partners who were able to make the necessary changes and embrace the new technology and methods necessary to operate successfully under COVID-19 regulations.”

Most Popular

SPONSORED POST: How to quickly and reliably identify thousands of items in solar energy park

Brady Corporation helped its customer Vindo Solar to reliably identify solar panel cables and inverters for 10 years outdoors. Find out details about the...

R70bn green ammonia plant mega boost for NMB

IN what promises to be a significant economic boost for the Eastern Cape, a giant green ammonia export plant valued at $4.6 billion (R70...

Mayoral delegation updated on R1.2bn Gqeberha auto plant upgrade

NELSON Mandela Bay Executive Mayor Eugene Johnson visited Isuzu Motors South Africa’s Manufacturing plant recently to preview the R1.2-billion investment which will see the...

MOU signals EV focus for SA’s auto supply chain

THE Automotive industrial Development Centre Eastern Cape (AIDC EC) has signed a memorandum of understanding (MOU) with the South African Bureau of Standards (SABS). According...