Monthly Truck & Equipment Update May 2024

Read our monthly update on truck price movements and import levels into Australia.

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• Weekly Market Update 25th November 2024November 25, 2024
• Weekly Market Update 18th November 2024November 18, 2024
• VFACTS: New Car Sales Insights October 2024November 11, 2024
• Weekly Market Update 11th November 2024November 11, 2024

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Used Truck Price Index

• Prices in May decreased, moving down by 9%
• Prices are still over 75% higher than pre-COVID
• Every month we collect thousands of truck sales across Australia from a variety of industries
• Our Used Truck Price Index is based on a basket of truck assets, ranging from tippers to prime movers to pan-techs

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Agricultural Equipment & Tractor Imports into Australia

• Import volume increased in April 2024, recording a figure of $304 million according to latest ABS figures
• This was a $75 million decrease from April 2023
• The rolling 12 month change shows imports are up 111% in April 2024 compared to 2019, indicating the start of a downward trend

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By Tanim Ahmed, Head of Product at Datium Insights

Tanim is a Macquarie University alumni with degrees in Finance and Economics. He has spent a decade in the Leasing and Finance industry, specializing in Residual Value risk.

Please contact Datium Insights for further analytical support and advisory services.

Disclaimer: This is a general information service only and we do not provide advice or take into account your personal circumstances, financial situation or needs. Please seek professional advice with regards to how any of the material on this website can impact your own financial situation. Datium Insights is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.