Monthly Truck & Equipment Update July 2021

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

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• Weekly Market Update 22nd April 2024April 22, 2024
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• VFACTS: New Car Sales Insights March 2024April 4, 2024

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Used Truck Price Index

• Prices in July increased, moving up by 7%
• Prices are now 50% higher than pre-COVID and 24% higher from the start of the year
• 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 June 2021, recording a figure of $329 million according to latest ABS figures
• This was a $114 million decrease from May 2021
• Compared to June 2020, volume increased by $192 million (+140%)
• The rolling 12 month change shows imports are up $1.225 billion in June 2021

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Are you in need of Specialised Valuations assistance? Contact Marc for a consultation.

Marc O’Loughlin

National Manager, Valuation and Advisory Specialties – Pickles Auctions

Ph: +61 417 212 872 | Email: marc.oloughlin@pickles.com.au

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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.