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Read our Quarterly Report for Q4 2019

Posted 23 June 2020

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 driver aids, reduced emissions and a good fuel economy.
  • Caterpillar Inc, has reported that sales and revenue have fell 8% in the fourth quarter.
  • We continue to see the drought affecting large areas of regional Queensland and New South Wales, this has led to a continued downward effect on agricultural equipment in both the new and secondary markets.
  • We saw a 7.8% decline on new car sales across Australia, making it the worst year on record since 2011.
  • We saw stronger results in the secondary car market throughout the fourth quarter, as wholesalers and dealers are seeing a slow supply of second-hand cars on the market leading to an increase in demand.

Fourth Quarter Report 2018