News

During the third quarter the impacts of COVID and the consequential recession continue to have an affect on asset values in the automotive, road transport, construction, mining, agriculture, aviation and marine sectors. The Road Transport Sector continues to reduce in sales volume but shows some semblance of stabilisation after a reduction of only 13% on the same period last year. Delays have been extended on new stock with global production capacity reduced. With almost all Australian businesses now eligible for a full write-off…

The impact of the COVID pandemic has affected every part of the Australian economy including affecting asset values in the automotive, road transport, construction, manufacturing, mining, aviation and marine sectors. Government Stimulus has injected life into many markets. The instant asset write off that was boosted from $30,000 to  $150,000, as well as the generous Accelerated Depreciation Deduction have assisted some markets from collapsing. Truck Sales rebound slightly for all but heavy-duty trucks in June, which helps lift the falls…

The impact of the Coronavirus has affected every part of the Australian economy including affecting asset values in the automotive, road transport, construction, manufacturing, mining, aviation and marine sectors. Asset values do not have the volatility we might expect from the share market with large daily or even weekly fluctuations. Asset values may drop and rise at varying speeds however they tend to continue to track in that same direction for a period of time before reversing depending on supply…

The fourth quarter of 2019 saw a decline across all key market sectors, particularly road transport and automotive suffered the largest decline. The quarter, in short, can be found below: All truck segments suffered a decline in sales throughout 2019, with the end of year sales results ending with an 8.8% decline in comparison to the 2018 end of year results. We continue to see European trucks gaining more traction in the market, with these units being reported to have additional…