Transport News

Records tumble for truck sales in 2022

The truck sales results are in for 2022 and it has been a record breaking year for the industry

Truck sales teams across Australia were the busiest they’ve ever been in 2022 as the industry set a new record for sales volumes across heavy, light, medium and large van categories.

The overall sales result of 44,379 units sold in the 2022 calendar year represents a 6.2 per cent jump on the previous record of 41,628 set in the pre-pandemic year of 2018.

Pandemic related tax incentives including pent up demand and the instant tax write-off program for transport assets scheduled to end in June 2023, are being attributed among the contributing factors for a successful sales year.

Truck Industry Council results released on January 4 show Isuzu (13,360), Hino (5,867), Fuso (5,021), Kenworth (3,003) and Volvo (2,581) were the top five selling brands for 2022 when sales across heavy, light, medium and large van categories are collated.

In the Heavy Duty category, the big trucks, the top 5 sellers were Kenworth (3,002), Volvo (2,539), Isuzu (2,059), UD Trucks (1,063) and Fuso (802).

For Medium Duty the order of sales results for the year was Isuzu (3,641), Hino (2,295), Fuso (1,318), UD Trucks (195) and Iveco (132).

And Isuzu (7,660) took the lead again in the Light Duty category, followed by Fuso (2,901), Hino (2,822), Iveco (880) and Fiat (548).

TIC CEO Tony McMullan says the results were a positive for the industry as a whole.

“It was pleasing to see 2022 finish by setting a new all-time sales record for new truck sales in Australia, eclipsing the previous peak set in 2018,” McMullan says.

“It was equally pleasing to see that new truck and van sales broke through the 40,000 mark for just the third time ever, with the final figure of 44,379 sales, surpassing industry expectations.

“Heavy and Light trucks set new, whole of yeark, sale records with both segements showing no signs of slowing growth over the 12 months of 2022.”

McMullan says the industry is looking forward to a positive 2023, however the TIC and the manufacturers it represents remain concerned that current heavy vehilcle orders taken under the COVID instant asset write-off tax scheme may not be able to be fulfilled by the current cut off in June.

He says the TIC has called on the Federal Government to extend the incentive program to cover all current orders, taking into account the challenges businesses have faced with global supply chains and their ability to import trucks and parts in a timely fashion over the past 12 months.

At Isuzu, which celebrated its 50th year of operation in Australia in 2022, the final results were a perfect birthday present.

“I can’t think of a better way to cap off the 50th year of Isuzu on Australian shores,” says IAL director and chief operating officer Andrew Harbison. 

“There were many things to be proud of and celebrate when ringing in the new year, with such an excellent sales record, the amazing hard work of everyone in the Isuzu dealer network, and the team members who power the Isuzu products and stand by them day in day out.” 

Isuzu’s 13,360 sales was a record performance for the brand, smashing the previous year’s total by 31 per cent.

The 2022 results also marked the 34th consecutive year in which Isuzu has topped the sales charts in Australia.

Harbison says the company’s success can be attributed to the relentless hard work of the greater Isuzu Australia dealer network team that remained focused on providing their customers with the best products and service possible, year in, year out.

“Our 50th anniversary had many highlights including new support benchmarks and updates of our top performing medium and heavy-duty product ranges, exciting media drive days which showcased the latest in technological advancements that Isuzu Trucks have on offer and the celebration of the 250,000th Isuzu truck sold in Australia,” Harbison says.

IAL chief of sales and aftersales Ben Lasry says he is pleased with the end of year result.

“Over the past few years, government incentives such as the instant asset write off scheme have driven record sales of road transport capital equipment,” says Lasry. 

“The 2022 market numbers are phenomenal and our entire business will continue to build the capacity and capability to meet and exceed our customer’s and the industry’s needs.” 

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