With nearly half of an increasingly dismal calendar year gone, some unheralded good news arrives on the May commercial vehicles sales front in the form of a 319-unit bounce on April’s total.
Total May sales come in at 2,621, according to Truck Industry Council (TIC) T-Mark figures, for a year-to-date (YTD) total of 11,828.
Given unique economic circumstances on top of an already turning cycle, meaningful comparisons are increasingly difficult, particularly against the boom years just past.
Suffice to say, again, 2015 provides a reinforcing reference, with that May total of 2,688 and the YTD at 11,693.
It is difficult to know whether Covid-19 spooked the April market but perhaps that was the darkest month and impending loosening of restrictions boosted confidence.
Certainly, the Reserve Bank sees the downturn as…
