If you've been contemplating a new truck purchase but have been waiting to gauge the market landscape, we have some noteworthy updates that might pique your interest. The latest February truck sales data has been compiled, shedding light on the brands that have garnered the most favor among buyers across various categories. Moreover, the widely acclaimed Trucksales platform has announced the victors of their 2020 Safety and Innovation Awards.
Trucksales Award Winners
In December 2020, Trucksales revealed that despite the disruptions caused by the COVID-19 pandemic, the truck industry had witnessed noteworthy progress and new product unveilings. Despite these challenges, Trucksales affirmed their commitment to their 2020 Awards program. These prestigious awards are categorized into Innovation and Safety, encompassing a wide array of products and topics spanning not only truck vehicles but also aspects such as tires, trailers, regulations, and electronics.
Critical areas like advanced telemetry, alternative fuels, and autonomous technology have been rapidly advancing, significantly contributing to enhanced safety standards within the truck and transport sector. The importance of safety in this realm is widely recognized by various stakeholders, governmental bodies, and the broader public.
Following a thorough evaluation of several commendable finalists, Trucksales officially disclosed the winners of these awards in early March 2021.
Trucksales Safety Award 2021 Winner: Hino 300 Series.
This is the second consecutive year win for Hino, having won the 2020 award with their 500 Series. The win for the 300 Series is an acknowledgement of the advanced safety features which are not only included as standard but are seen as elevating light-duty truck safety to higher levels.
Specifically, the safety features on the Hino 300 Series include a comprehensive package, the Hino SmartSafe, which has driver-assist technology including s pre-collision system with AEB, lane departure warning, systems to detect pedestrians, VSC and reversing camera amongst others
If you’re interested in upping the safety ante for your drivers or yourself, consider the purchase of a Hino 300. Use our Jade Truck Loans calculator to work up repayments based on the interest rate for the loan product that best suits your business.
Trucksales Innovation Award 2021 Winner: Freightliner Cascadia
The impressive Cascadia from Freightliner was awarded the innovation gong for the manufacturer’s work in developing a right hand drive vehicle which was engineered to suit local conditions with the inclusion of the impressive safety features on models available in other markets.
If you’re equally impressed with the Freightliner Cascadia, contact Jade Truck Loans to see what impressive cheap truck finance offer we can source for your purchase.
February Truck Sales Data
The industry eagerly anticipates updates on the most favored brand among buyers, with the release of TMARK truck sales data being a closely monitored event. Amidst the ongoing recovery of the Australian economy from the impact of COVID-19, the truck sales figures for February brought positive tidings. Notably, new registrations displayed a 10.9% surge during the first two months of 2021 as compared to the same period in 2020. As the economy navigates the post-JobKeeper phase, numerous economic analysts and businesses remain watchful of its trajectory. Amidst this landscape, it's heartening to witness robust sales within the truck sector at present.
Maintaining its position at the forefront, Isuzu continues to lead the sales leaderboard, with competitors Hino and Fuso following suit. Both runner-up brands have marked impressive gains within this timeframe. In the heavy-duty segment, Kenworth clinched the fourth position in overall new registrations, distinguishing itself as the top-performing heavy-duty brand.
The light duty truck segment continues to outperform the medium and heavy segments.
In the heavy duty segment the top three in order: Kenworth, Volvo Isuzu. In the medium duty class, Isuzu, Hino, Fuso.
If this data prompts you to start making enquiries for a new truck, first make enquiries about a new truck loan. Use the Jade Truck Loan calculator to generate rough repayment estimates on any or all of the top sellers to see which may make your best-buy list.
Truck Loans Update
With IAWO still in play, the end of financial year closing in and the Brisbane Truck Show in May presenting a great chance to see a number of new models up-close, thoughts may be turning to that new truck buy.
Despite some business writers and economic analysts surmising that interest rates would need to be increased to cool the booming house price market, RBA Governor Philip Lowe has quickly quashed such narrative. His statements confirm what we have been anticipating and that is that lending rates will remain at low levels for some time.
Jade Truck Loans continues to impress in the better interest rates and cheap truck loans stakes. Not seasonal, our cheap truck loan interest rates remain a stable ‘standard’ feature of our loan products.
Interest rates indeed exhibit variations across various truck loan types and will diverge among our network of lenders. Nevertheless, it's crucial to consider the comprehensive advantages and gains offered by a loan product within the broader context of its benefits to your business. Instead of basing your selection solely on the interest rate, it's advisable to weigh the overall benefits a loan can provide to your business operations.
Rest assured, we are dedicated to remaining updated on the latest news and developments within the truck industry, and we will consistently deliver informative updates through our news section. Thus, we encourage you to maintain your connection and engagement with us, and don't hesitate to reach out to our consultants to delve into all matters related to truck loans.
Contact Jade Truck Loans on 1300 000 003 to discuss a truck loan on an award-winning or top selling vehicle.
DISCLAIMER: THE INFORMATION IN THIS ARTICLE IS PREPARED SOLELY FOR INFORMATION PURPOSES AND IS NOT INTENDED AS FINANCIAL ADVICE OR AS THE SOLE BASIS FOR MAKING FINANCIAL DECISIONS. THOSE REQUIRING ADVICE SHOULD CONSULT A FINANCIAL ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISREPRESENTATIONS OF PRODUCTS, POLICIES AND INFORMATION OR ERRORS IN THE CONTENT AS REFERRED FROM OTHER SOURCES.