Isuzu Trucks was the top-selling brand of commercial vehicles in Australia for the 36th consecutive year with the market overall setting another sales record. According to figures from the Truck Industry Council, 2024 sales eclipsed the 2023 record with Japanese brands Isuzu, Hino and Fuso topping the overall best sellers and Kenworth remaining on top in the heavy-duty segment.
While the record totals are encouraging for the market and potentially a positive indicator for the transport sector, not all brands posted uplifts in sales. Some of the top names, including the big 3 in light and medium duty, all posted drops compared with 2023. In drawing comparisons with the previous year it should be noted that the 2024 figures includes LDV and Peugeot which previously were not included in collating sales figures.
Knowing which brands are best sellers can be an indication of what other operators, possibly your competitors, have already assessed as the best options. We report on the best-selling brands across the light, medium and heavy-duty segments to assist buyers currently in the market for new heavy vehicles.
2024’s Best Selling Trucks
With sales collated across all segments of the truck market the best-selling brands for 2024 were Isuzu, Hino and Fuso. But even as best-sellers, all three posted lower sales than in 2023. Kenworth was in fourth, impressive considering the top three offer models across several segments while Kenworth is only in the heavy-duty segment.
Also in the top ten best sellers was Volvo and IVECO, followed by Mercedes and Scania, Mack and finally in tenth, UD. Following these was Fiat and DAF with MAN, Hyundai, Renault, then Freightliner ahead of Western Star and LDV with then Ford and VW.
Kenworth continues to lead sales in the heavy-duty market ahead of Volvo and Isuzu Trucks. Hino was next with a just under 11% increase in their sales. IVECO was next with a 20% sales lift. Another big increase, 32%, was posted by MAN and 29% by Western Star. Posting decreases in comparison with 2023 results were DAF, Mack and UD.
The medium-duty sector recorded a modest 1.6% increase in sales overall compared with 2023. After the top 3 Japanese makes all recorded a drop in sales – Isuzu, Hino, Fuso, IVECO with its 32% rise was next then Hyundai with a 38% sales increase. The rest of the top sellers in this sector were Mercedes-Benz, MAN and DAF.
The most significant decreases in sales for 2024 were in the light duty sector. The leading sellers – Isuzu, Fuso and Hino, sold less units than in 2023. But the IVECO and Fiat, Renault and Mercedes-Benz all posted impressive uplifts in sales.
Some interesting results to ponder, especially which brands posted the most significant increases. Offering operators buying options to consider possibly beyond their usual brand.
Isuzu Trucks Finance and Loans for All Brands
Whether purchasing a model from one of the top selling brands, one of the best performing brands or another option, the financing must be cost-effective to ensure the investment works for the business. We provide operators with access to a vast lender market to ensure the most competitive rate loans are secured.
Our loan selection includes Chattel Mortgage, Rent-to-Own, Commercial Hire Purchase and Leasing. Deciding which facility will work best for an individual business set-up includes taking into consideration the balance sheet strategy in posting assets to the accounts; the method of accounting used to prepare the annual accounts; the preferences with tax deductions; and the overall financial objectives of the business.
Interest rates differ across the selection of facilities with CHP and Chattel Mortgage attracting the lowest rates in the market, then Leasing and Rent-to-Own the highest rates. While rates are integral to the cost of finance, the overall features and benefits of each product should be considered in the context of the individual business operation. Seeking advice from an accountant is advisable.
Where upgrading to a new vehicle is a matter of urgency, contact us for fast loan approval. We’ll handle your loan from initial enquiry through to settlement to get you on the road asap with the cheapest loan deal.
Comparing Isuzu Trucks with Other Brands
Comparing models for suitability for the specific business, industry and application involves assessing the features of the vehicle. Where many similarities exist with several models, the final decision may come down to price. Our Truck Repayment Calculator allows operators to quickly compare vehicles based on loan repayments.
Use the total price including the cost of accessories as the loan total when calculating finance estimates. Many operators can be approved for no deposit loans. Use the rate for the selected credit facility and preferred term and quickly see the estimate monthly outlay for that loan for that vehicle.
For cost-effective finance on Isuzu Trucks and other top selling heavy vehicle brands, contact Business.Finance on 1300 000 033.
DISCLAIMER: THE SPECIFIC PURPOSE IN PROVIDING THIS ARTICLE IS FOR GENERAL INFORMATION ONLY. IT IS NOT INTENDED AS THE SOLE SOURCE OF FINANCIAL INFORMATION ON WHICH TO MAKE BUSINESS FINANCE DECISIONS. BUSINESS OWNERS WHO REQUIRE ADVICE OR GUIDANCE AROUND THEIR SPECIFIC FINANCIAL CIRCUMSTANCES ARE RECOMMENDED TO CONSULT WITH AN ADVISOR OR ACCOUNTANT. NO LIABILITY IS ACCEPTED IN REGARD TO ANY MISREPRESENTATIONS OR ANY ERRORS RE ANY DATA, SPECIFICS, POLICIES AND OTHER INFORMATION AS SOURCED FROM OTHERS
