Demand for expensive utes and US pick-ups has remained strong in the first half of May, following an initial recovery in the last two weeks of April.
Many dealers are now scrambling to get more new generation Chevrolet Silverado 1500 pick-ups before the next shipments arrive, as production of the left-hand-drive source vehicles has been delayed by the COVID-19 lockdowns in North America.
Showroom stock of the Ford Ranger ute – Australia’s second-biggest selling vehicle outright – is starting to look patchy and some dealers are concerned they will run out in the lead-up to the end of June.
The two Thailand factories that produce the Ford Ranger only went back online on Monday, after a six-week break.
The two Thailand factories that produce the Toyota HiLux restarted last week after a four-week break, but dealers said that model was in good supply, even though demand has already started to pick up.
Many small businesses are taking advantage of the Federal Government’s $150,000 instant asset tax write-off scheme – due to expire on June 30, the end of this financial year.
The temporary tax advantage – which enables companies and sole traders to claim the full amount of business use this financial year rather than spreading the expense over several years – varies depending on the type of vehicle and the level of work use.
Finance companies and other lending institutions are starting to ease some of their restrictions after reportedly knocking back more applications than they were approving in the grip of the coronavirus crisis.