Our experienced team provide market insights and news on the Asset Advisory and Auction industry.

Read our Quarterly Report for Q1 2019

Posted 31 May 2019

The first quarter for 2019 was a busy one for us and the markets. There were some large market declines in new sales across Trucks, Automotive and Agriculture. Take a look for yourself to get the full market update with our report online now.

The quarter in short:

  • Slattery Asset Advisory was engaged by the Administrators of RCR Group. Inspecting over 30 sites and 3,700 assets.
  • The Road Transport sector has been deflated in both the new and used sectors after hitting a new sales record for the year in 2018. Only specific trucking and trailer assets are performing well.
  • In the Mining Sector, Caterpillar sales for equipment into the resources industry increased a massive 52% on last year. The used market continues to power with demand outstripping supply.
  • New Vehicle sales are receding in Australia with budget-conscious buyers looking toward the lower end of the market and the used market. quarterly year-to-date deficit to 7.8%
  • Agri sales in drought-affected New South Wales and Queensland remains pretty grim with New South Wales down 23% on last year and Queensland 34% behind in March, now 13% behind last year