The heavy vehicle sales results for 2024 have been released by the Truck Industry Council and it is déjà vu for the leading brand in total sales, Isuzu Trucks. With models across the light, medium and heavy-duty segments, this Japanese brand offers solutions for many operators. Solutions which can be extremely affordable with the right loan. Isuzu Trucks has led heavy vehicle sales in Australia for 36 consecutive years and their range can be purchased with Jade Truck Loans’ competitive rate finance.
Isuzu topped total sales and both the medium and light duty segments with Kenworth the top selling brand in the heavy-duty segment. Overall, for 2024, sales of commercial vehicles hit a new record after two previous years of record sales. But sales reported for 2024 now include extra brands in Peugeot and LDV which can slightly skew the results when drawing comparisons.
While sales for the year were impressive in total, there were falls for some brands compared with 2023. For operators in the market for new vehicles reviewing models from the top selling brands may provide support for buying decisions.
Top Selling Truck Brands 2024
In total sales of commercial vehicles for 2024, the top three brands were Isuzu, Hino and Fuso, though all recorded a drop on 2023 sales. Next were Kenworth, Volvo, IVECO, Mercedes-Benz and Scania, with Mack and UD Trucks rounding out the top 10. Then came Fiat, DAF, MAN, Hyundai, Renault, Freightliner, Western Star, LDV, Ford and Volkswagen.
In the heavy-duty segment Kenworth once again leads in sales followed by Volvo and Isuzu. Impressive results were also posted by Hino with a nearly 11% jump in sales and IVECO with a just over 20% sales increase. MAN also recorded an impressive 32% sales increase and Western Star a nearly 29% uplift. Mack, UD, DAF and Freightliner all posted falls compared with 2023.
The versatile medium-duty segment was up 1.6% on 2023 results with the Japanese brands – Isuzu, Hino and Fuso, heading the sales charts, though all with sales drops. IVECO in fourth place posted a nearly 32% increase followed by Hyundai also with a good uplift of just over 38%. UD, Volvo, Mercedes, MAN and DAF rounded out the leading then in this segment.
The usually very popular light-duty segment posted the largest sales falls for the year. While the top three – Isuzu, Fuso and Hino, retained their dominance, all posted sales decreases compared with 2023. It was lower down the total sales where the big increases were recorded with IVECO, Fiat, Mercedes and Renault all recording gains.
Plenty of information for buyers to consider with their next purchase. But regardless of the brand being acquired, the financing must be workable and affordable to ensure the acquisition performs for the business.
Top-selling Brands incl Isuzu Finance Options
Financing for heavy vehicles is available with the operator’s choice of asset finance facilities which include Lease, Chattel Mortgage, Commercial Hire Purchase and Rent-to-Own. These facilities vary in their suitability for either the accruals or cash methods of accounting, how the asset is treated with the business balance sheet, how tax deductions are realised, and with the interest rate.
Businesses that prefer a major asset not be posted to their balance sheet can consider Lease and Rent-to-Own. Businesses using the cash method of accounting and looking for the lowest rates can consider Chattel Mortgage and Commercial Hire Purchase. Operators that use the accruals method of accounting, are okay with the asset posted to their balance sheet and want the lowest asset finance rates may consider Commercial Hire Purchase.
Isuzu Loans for New Businesses
The start of the new year is a popular time for new businesses to set up. The Ready-to-Work models from the top selling heavy vehicle brand can be an ideal way for new operators to get into their own business. Purchasing cab and body in the one unit, ready to get on the road and start delivering for customers.
While these models may make an easy buying decision, sourcing affordable financing may not be as easy a process. We assist new operators that do not have full financials and complete documentation with our access to No Docs and Low Docs Heavy Vehicle Financing. This finance can be sourced with workable terms and rates that deliver affordable monthly repayments. Speak with us about the options available to suit your specific profile and requirements.
Estimating Finance for Isuzu and Other Top Brands
While browsing the top-selling vehicle brands and specific models, operators can quickly compare vehicles based on finance payments using our Finance Calculator. Easily generate your own monthly repayment estimates based on the price of the vehicle, or the loan required for the acquisition.
Where the cab or prime mover is purchased separately to the body or trailer, we can arrange financing for both units in separate arrangements. Where purchased together from the same dealer, the costs can usually be included in the same loan. Keep this in mind when generating estimates.
For competitive rate finance on 2024’s top-selling vehicles including Isuzu models, contact Jade Truck Loans on 1300 000 003.
DISCLAIMER: THIS INFORMATION IS ISSUED PURELY FOR THE PURPOSE OF GENERAL INFORMATION PROVISION. IT IS NOT TO BE TAKEN AS THE ONLY SOURCE OF INFORMATION FOR BASING FINANCIAL DECISION-MAKING. THOSE REQUIRING FINANCIAL GUIDANCE AND ADVICE SHOULD CONSULT WITH THEIR FINANCIAL CONSULTANT OR ADVISOR. NO LIABILITY IS ACCEPTED FOR ANY MISREPRESENTATION OF POLICIES, DATA OR ERRORS IN THIS CONTENT.
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