The July truck sales figures revealed that while total sales across all segments were not as high as the record set in June, the market leaders retained their top positions. Kenworth leading in heavy-duty sales and Isuzu dominating in medium and light duty, and in total vehicles sold for the month.
According to reports, the fall in total sales from June to July was 29% but the annual sales figures continue the recent upward trend with growth - July 2024 compared with July 2023. Delving into the detail and Isuzu Trucks has sold over twice as many vehicles this year than second-placed Hino. In the best-selling manufacturers in total sales ranking, Fuso was third, followed by Kenworth then Volvo as the top five.
If new vehicles are in your plans to increase the performance of your operation, consider what makes other operators are buying and speak with us about affordable, tailored financing.
Heavy-Duty Truck Sales July – Leading Makers
The heavy-duty segment has shown sold sales growth in recent years, and that continued in July 2024. Kenworth held its competitive edge over Volvo with Isuzu third, then Scania and Mack as the leading five manufacturers. Comparing July 2024 to July 2023, Kenworth sales are slightly up, Volvo slightly down.
Looking at the annual sales figures for the year-to-date (YTD) and the leading rankings for the heavy-duty market as Kenworth, Volvo, Isuzu, Scania, then Mercedes-Benz and Mack, followed by UD Trucks, Fuso and Hino, then comes DAF and Iveco, Freightliner, MAN, Western Star, with Dennis Eagle and Sea Electric rounding out the list.
Sales Drop in Medium-Duty Segment
While the heavy-duty market continues to roll upwards, the medium-duty market recorded a drop in sales for July 2024 compared with June 2024. For those planning the acquisition of new medium-duty vehicle, here are the 10 brands that other buyers have placed as the most popular – Isuzu followed by Hino and Fuso at the top, then Hyundai and Iveco, UD Trucks ahead of Volvo and Mercedes-Benz, with MAN and then DAF.
Isuzu Dominates Light-Duty Segment
While Isuzu continues its dominance in the sales of light-duty trucks, this market did record a drop in sales in July 2024 compared with June 2024. The leading brands are collated by sales for YTD and the big three continue upfront – Isuzu, Fuso, Hino. Fourth best-selling brand this year so far is Iveco, then Mercedes-Benz, Fiat and Hyundai, followed by Renault, Ford, Foton Mobility, with VW and LDV closing out the list.
Financing a New Isuzu or Kenworth
From the strong sales in heavy vehicles, many operators appear to be upgrading their vehicles. Possibly to realise increased productivity and greater fuel efficiency with the tech and innovations introduced by manufacturers. While new vehicles can deliver many benefits, the real value and results may not be achieved if the truck finance is not specifically suited and tailored to the business.
For operators acquiring best-selling Isuzu and Kenworth vehicles, Jade Truck Loans provides an individual approach to deliver tailored financing solutions. Operators have the full selection of asset acquisition finance products to select the credit facility that works with their accounting method, tax and balance sheet approach, and towards achieving the objectives they have for their business.
Truck finance for all heavy, medium and light-duty vehicles is provided with the operator’s choice of Chattel Mortgage, Lease, Commercial Hire Purchase and Rent-to-Own. The most competitive interest rates and flexible terms are individually sourced from our over 80 lenders to deliver workable repayments. Repayments which work with cash flow and support operators realise ROI and productivity targets.
Isuzu finance through Jade is available across the range, including the very popular N and F Series and the convenient Ready-to-Work range.
New Operator Isuzu Loans
Operators looking to move into self-employment with the acquisition of a new Isuzu to get a new business underway can often face challenges in sourcing affordable finance. Utilising our services to access lenders offering cost-effective rates on Low Doc Truck Loans, provides new operators with a workable way forward. This type of financing is individually sourced and tailored, with our brokers negotiating directly with non-bank lenders for solutions to support new businesses.
Comparing Brands and Models by Loan Repayments
In the market for a new vehicle and undecided on which brand or model to purchase? Buying decisions can often rest on not the purchase price but the monthly commitment - the repayments. To obtain repayment estimates on the different purchase prices to compare different makes and models, operators can utilise our online Truck Finance Calculator.
Estimates can be used to consider upgrading from a light-duty to a medium-duty to increase cargo capacity, to compare credit facilities with varying interest rates, to establish preferred truck loan terms and balloons, and to assist with that critical purchase decision.
For a quote on tailored finance for a new Isuzu, Kenworth or other top-selling heavy vehicle, contact Jade Truck Loans on 1300 000 003 or connect online.
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.
