Monthly Truck & Equipment Update May 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
• Weekly Market Update 15th April 2024April 15, 2024
• Weekly Market Update 8th April 2024April 8, 2024
• VFACTS: New Car Sales Insights March 2024April 4, 2024

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Used Truck Price Index

• Prices in May moved down by roughly 8% to be on par with March position
• Prices are now 38% higher than pre-COVID and 20% 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 April 2021, recording a figure of $260 million according to latest ABS figures
• This was a $35 million increase from March 2021
• Compared to April 2020, volume has more than doubled by $131 million (+102%)
• The rolling 12 month change shows imports are up $0.907 billion in April 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 72 | 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.