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Quarterly Report – Q3 2023

Experience the Difference with Slattery Asset Advisory – Your Trusted Australian Family-Owned Auction, Valuations and Asset Advisory Leader. Dive into our comprehensive Quarterly Report for in-depth insights and trends that are happening right now across all industry sectors.

The quarter in short:

Third Quarter Report 2023

Quarterly Report – Q2 2023

Quarter 2 continued a strong start to the year, particularly in the heavy vehicle industry with records being smashed in June. The Truck Industry Council’s TMARK sales data for June and the first half of 2023 reveals a remarkable surge in new truck and van sales, propelling the overall market up by an impressive 16.8%. However, amid a landscape of labour shortages, a notable trend has emerged, with drivers becoming increasingly discerning about the trucks they operate, resulting in a decline in aged trucks.

The Australian mining and construction machinery manufacturing industry is poised for substantial growth at an annualised rate of 4.9% over the next five years. Our report delves into the factors driving these developments and explores the impact of several significant civil projects currently underway. Furthermore, we delve into the challenging market conditions faced by Toyota, which has experienced a 24% decrease in volume due to supply constraints, leading to a notable shift in market share dynamics within the electric vehicle and hybrid segments. Take a look through the full report where we analyse the key highlights and trends shaping the industry landscape during the second quarter of 2023.

The quarter in short:

Second Quarter Report 2023

Quarterly Report – Q1 2023

Quarterly Report – Q4 2022

Posted 27 February 2023

The fourth quarter of 2022 saw some records broken particularly the Heavy truck industry beating its 2018 record. Electric vehicles are on the rise with new make BYD entering the market and Electric now accounting for 3.1% of the overall market. The used motor vehicle market is starting to normalise, but supply chain issues are still impacting buyers’ decisions. Take a deep dive into all market sectors.

The quarter in short:

Fourth Quarter Report 2022

Valuation Conference 2023

Posted 15 November 2022

Register your interest here for our 2023 Valuations Conference!

Slattery Asset Advisory is pleased to invite you to register your interest in our annual Valuations Conference.  The conference will be held on 19th and 20th of October 2023 at the Chateau Elan Hunter Valley.

This two-day conference will deliver insight into the current market and showcase our team’s expertise on specialised assets.

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Register your interest here.

We look forward to seeing you there!

Thank you.

Quarterly Report – Q4 2021

Posted 07 April 2022

The fourth quarter for 2021 continued the positive momentum across most markets to make 2021 a stellar year. There were solid results across road transport, motor vehicles,  earthmoving and mining equipment.Highlights from the fourth quarter included some very successful auctions for road transport and earthmoving across our Brisbane, Roma and Newcastle offices.

The quarter in short:New truck sales saw a 20.1% increase on 2020 sales.
The supply of second-hand heavy-duty, medium-duty and light-duty trucks at auction has been subdued.
Caterpillar’s fourth-quarter 2021 sales and revenues up 23%; full-year sales and revenues up 22%.
Supply issues in the new Earthmoving market are having a positive effect on second hand and auction markets.
Tractor sales have exceeded 18,000 units for 2021 which has resulted in a 25% rise in sales compared to 2020.
Toyota finished at the top of the Australian new-car sales charts for the 25th time.
New car sales increased by 14.5%, finishing 2021 with 1,049,831 registrations. This result is despite buyers continuously facing significant delivery delays.
MG 9th, Great Wall 14th as China manufacturers grow at pace.
Electric vehicles sales up almost 200%.
Classic and collectible cars along with rare number plates continue to sell extremely well and break records.This quarter we were able to successfully assist BDO in the matter of Pacific Air ExpressAustralia Pty Ltd (Receivers & Managers Appointed) in selling the 1985 Boeing 757 Freighter aircraft as part of the receivership.
View full report here

Quarterly Report – Q3 2021

Posted 07 April 2022

This quarter Victoria set global records for the most number of days in lock down and NSW also experienced months of lockdown. Despite the challenges posed by the pandemic, the Economy has been quite resilient and we are seeing strong prices and demand in the new and secondary markets for assets.Markets have been strong with supply shortages and domestic spending pushing up automotive and road transport prices. The more favourable weather has helped the agricultural industry, which has seen one of its best harvests in years. Here is the quarter in short:

New truck registrations have soared this quarter Kenworth and Volvo have now reportedly closed their order book for 2022, which will again have a knock-on effect in the secondary market 
Caterpillar sales decreased in Asia/Pacific mainly due to lower sales volume in the construction sector. 
All-electric mines are the fastest growing trend for the mining industry in 2021 which could have a major impact on new and used mining equipment. Confidence in the Agricultural sector is as high as we’ve seen it on the East Coast for the past 5-7 years
Australia’s new car market continues to advance with a 21% increase compared to last year’s September sales, while still battling the supply issues that are driving up secondhand prices. 
Toyota is still dominating the market having their best YTD sales since 2008 however supply issues are likely to slow these sales in Q4 due to the semiconductor chip shortage. 
The Ford Ranger has knocked off the HiLux that was at the top for almost 5 years for the best-selling model. 
Classic and collectible cars continue to gain in popularity, although pricing seems to have leveled out at the end of the quarter.
View Report Here

Second Quarter Report of 2021

Posted 09 September 2021

Another quarter of COVID, lockdowns, and markets continuing to fight any downturn.  Booming truck and car sales can only be hindered by production issues due to the semiconductor shortages. Take a look at what made this quarter’s highlights across all our sectors:

The new road transport market has been disrupted in the second quarter due to global parts shortages and delivery delays caused predominantly by factory closures in Asia and China
Caterpillar sales in Asia / Pacific are up 19% for resources and 8% for construction on the same period last year
Australian agriculture is in very good shape with seasonal conditions and strong commodity prices driving the marketMay saw 100,809 new vehicles which is the second-best May result on record
Aviation has had a standout quarter with auction achieving 100% clearance of all 38 aircraft, parts, tools, IT, and administration items
Classic and collectible cars have become a dominant feature in many recent sales, gaining significant media attention
Within Q2, 16 Coaches were presented to auction as part of a Major Liquidation, buyer participation and enquiries were strong throughout the sale campaign.

See the full report here:

Read our Quarterly Report Q4 2020

Posted 01 March 2021

Despite the new and secondary equipment markets being affected by COVID-19 and a recession during 2020, the fourth quarter closed with positive results across all sectors. With an expectation that the markets will continue to strengthen in 2021. 

View the full report online here

Read our Quarterly Report Q3 2020

Posted 17 November 2020

During the third quarter the impacts of COVID and the consequential recession continue to have an affect on asset values in the automotive, road transport, construction, mining, agriculture, aviation and marine sectors.

View the full report online here