The demand for new machinery has returned to pre-Covid levels, with an abundance of inventory, price reductions and reduced interest rate deals failing to garner a significant upswing in sales during October.
Tractor sales declined again during September across Australia, but it was a strong month for delivery of combine harvesters, according to data released on Wednesday.
Check out this month's Machinery Round-up which covers the latest AuctionsPlus machinery data, new features and items for sale you're not going to want to miss.
Australian agricultural tractor sales fell 48% during June, with just over 1,300 units sold. Combine harvesters and balers have also been off to a slow start this year.
All businesses upgrading equipment after 1 July 2023 should be aware that changes to the instant asset write-off may lead to additional taxable income.
The shift from conventional on-farm machinery and clearing sales, to a digitised interfaced sale have been rapidly growing in recent years through AuctionsPlus, with 13 sales utilising the option so far in 2022.
The AuctionsPlus multi-vendor clearing sale has undergone name and frequency changes since its establishment as a monthly auction in early 2018 and is currently run on a fortnightly basis - as the increasing number of lots has required a more frequent sale.
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