Monthly Truck & Equipment Update August 2024

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

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• Weekly Market Update 16th December 2024December 16, 2024
• Weekly Market Update 9th December 2024December 9, 2024
• VFACTS: New Car Sales Insights November 2024December 5, 2024
• Monthly Truck & Equipment Update October 2024December 2, 2024

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Used Truck Price Index

• Prices in August decreased, moving down by 3%
• Prices are still over 60% 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 decreased in July 2024, recording a figure of $379 million according to latest ABS figures
• This was a $37 million decrease from July 2023
• The rolling 12 month change shows imports are up 92% in July 2024 compared to 2019, indicating 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.