Following the release of the 2021 truck sales figures, Hino Australia joins Fuso and Mercedes-Benz in issuing a statement around their record-breaking sales year. Over 6,000 new Hino trucks were sold in Australia in 2021, which is the largest volume ever sold by the manufacturer in Australia in one year. The President and CEO Hino Australia, Sam Suda said their 18% market share for the year was a strong outcome, supply issues especially around the computer chip shortage impacted the results.
According to Mr. Suda, even with the substantial backing from Hino Japan, the task of aligning demand with supply was a challenge that persisted throughout 2021. Regrettably, this circumstance is projected to endure into 2022 as well.
New Models Impress Buyers
The recently launched Hino 700 Series has garnered remarkable customer acclaim, surpassing expectations with pre-launch orders. Mr. Suda acknowledged that Hino has received more orders for the FY3036 and FY 3048 models in the past 5 months than in the entire previous 4-year period. This success underscores the robust adoption of the 700 Series within the heavy-duty market.
In the year 2021, the Hino 300 Series emerged as a standout performer for the company. Since its debut in the middle of 2020, the 300 Series has achieved an impressive 23.3% share of the light-duty truck segment, reflecting a nearly 1% growth compared to 2020.
One of the primary attractions for customers considering the 300 Series is the availability of hybrid models, as confirmed by Hino. The sales figures for 2021 revealed exceptionally strong performance for these hybrid models, which are fully compliant with Euro 6 emission standards.
Mr. Suda elaborated that the delivery of the 500 Series Standard Cab faced substantial challenges due to global supply disruptions. Despite these difficulties and a decline in sales compared to recent years, Hino managed to conclude 2021 with a commendable 31.4% market share within the medium-duty truck segment.
What’s New in 2022 for Hino?
Given the impressive sales achievements, it's evident that prospective truck buyers will be enticed to explore the diverse range of Hino models when navigating their purchasing journey. Starting from January 2022, customers opting for the 500 Series will be included alongside the 700 Series customers in receiving the advantage of Hino-Connect as a standard feature.
Hino-Connect represents cutting-edge technology that equips owners with a comprehensive array of real-time data tracking capabilities for monitoring their vehicle's performance, along with the added benefit of remote fault diagnosis. Hino emphasizes that this offering is part of their solutions package aimed at mitigating operational costs throughout the truck's service life.
In December, Hino unveiled its plans for expansion with the inauguration of a fresh facility in Queensland, coupled with a revitalization of its existing locations in Tamworth, NSW, and Toowoomba, QLD. These strategic moves are aimed at reinforcing the company's footprint within these states. Among the newly established Queensland dealerships, one has been custom-designed, featuring a noteworthy 25% augmentation in workshop space and parts storage capacity. Additionally, there's a substantial 50% increase in space allocated for vehicle display and storage.
These expanded facilities significantly enhance accessibility for customers and empower the dealership to offer expedited servicing options.
Cheap Finance Options for Hino Buyers
If you’re contemplating the acquisition of a sought-after Hino Truck in 2022, affordable truck financing solutions are at your disposal, spanning the entire range of financial products. Jade Truck Loans extends an extensive array of truck loan options tailored to accommodate businesses of all types and scales.
Our truck loan products include:-
- Chattel Mortgage for truck & trailer finances
- Truck Lease
- Truck Rent to Buy financing
- Commercial Hire Purchase for Trucks
For business owners keen to take advantage of temporary full expensing, aka Instant Asset Write-off, that accelerated asset depreciation is still on offer from the Federal Government. Chattel Mortgage is seen as the most appropriate form of finance to suit this measure as the truck is posted to the business balance sheet and as such can be depreciated accordingly.
Chattel Mortgage also attracts the cheaper truck finance interest rate across the loan selection. But while both IAWO and the lowest interest rate are attracted, business owners are still advised to consult with their accountant in selection of loan type.
Every business finance product encompasses deductible components for taxes, along with a diverse array of benefits tailored to the distinct demands and specifications of individual business setups. To compare projected repayments across the various models within the Hino lineup, you can utilize our Truck Loan Calculator.
For enterprises that have resolved to establish their own truck operations in 2022, or for small businesses seeking to procure a vehicle for their delivery needs, we provide specialized loan solutions. Our offerings include Low Doc and No Doc Truck Loans, designed for businesses lacking the complete array of documentation often required by traditional banks and lenders for loan applications.
These loans are attainable at our renowned competitive interest rates, and our streamlined process empowers us to swiftly facilitate your journey towards getting behind the wheel of your new Hino.
Contact Jade Truck Loans on 1300 000 003 for a loan quote on a new Hino.
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