Read our Quarterly Report for Q2 2018Posted 30 August 2018
The second quarter for 2018 continued the positive momentum of the first quarter with solid results across road transport, mining equipment and commercial motor vehicles.
Planning is well underway for our upcoming Valuations conference to be held in the Hunter Valley on the 18th and 19th of October. Tickets can be pre-purchased now via the register of interest page. A highlight from the second quarter was the very successful onsite auction of a large construction company in the Hunter Valley, where a large quantity of Hilux’s and Isuzu tippers were sold.
The quarter in short:
- The positive conditions in the road transport sector have meant very positive sales figures for both new truck sales as well as used truck sales in the secondary market.
- There has been a noticeable shift in the economy in WA as investment and confidence returns to the mining sector. As a result, a sharp increase has been reported in the expenditure of drilling equipment for WA.
- The Commercial vehicle market continues to grow in Australia with the Toyota Hilux and Ford Ranger continuing to be the highest selling motor vehicles in the retail market, with strong confidence amongst dealers and end users alike.
- The current drought in NSW is affecting farmers across the board and hitting their bottom line creating demand to invest in new agricultural equipment.