Owner/Driver #328
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Truck makers offer stimulus incentives<br />
A NUMBER of truck makers in Australia<br />
see Covid-19 economic stimulus<br />
measures as giving impetus to<br />
strategic business investments in<br />
new equipment.<br />
One of those is Isuzu, which points<br />
to the instant asset write-off (IAWO)<br />
threshold increase as a critical measure<br />
Australian businesses can take<br />
advantage of, especially those reliant<br />
on capital equipment, alongside the<br />
Backing Business Investment accelerated<br />
depreciation schedules, support for the<br />
flow of credit and the many programs<br />
focused on individuals and families.<br />
“As this unprecedented health and<br />
economic crisis continues to unfold<br />
and disrupt, we’re encouraged to see the<br />
federal government take the necessary<br />
action to help Australian businesses<br />
survive,” Isuzu Australia Limited (IAL)<br />
director Andrew Harbison says.<br />
“The IAWO measures are of particular<br />
note as they allow businesses to<br />
immediately write-off multiple asset<br />
purchases, realise significant tax<br />
deductions and provide cash-flow<br />
benefits in the process.<br />
“This assistance presents clear<br />
economic benefit for a range of<br />
businesses, but also helps to meet the<br />
increased demand on the road transport<br />
and logistics sectors right now.”<br />
Mr Harbison says a nationally<br />
consistent, collective approach is needed<br />
for transport and logistics to achieve<br />
strong economic recovery.<br />
“It’s this foundational public support<br />
and the confidence-building measures<br />
that allow individual businesses to also<br />
take the required steps and to continue<br />
to invest, and slowly we can build the<br />
much-needed critical mass,” he says.<br />
“We hear a lot about being ‘in this<br />
together’ in relation to the COVID crisis,<br />
and the same is true in an industryspecific<br />
sense.<br />
“If we’re cognisant of the benefits of<br />
closing ranks around our sector and<br />
taking full advantage of the measures on<br />
offer, we stand the best chance possible<br />
to recover, and recover well.”<br />
“We [Isuzu] have a specific role as a<br />
capital equipment OEM; we remain<br />
committed to ensuring our customers<br />
have every support they need during<br />
this difficult time, and we’ll continue to<br />
do so.<br />
“Notably, Isuzu Trucks wants to thank<br />
every Australian continuing to work in<br />
the freight and road transport sector<br />
during this crisis.”<br />
Meanwhile, Iveco sees the countdown<br />
to the end of financial year as<br />
“always being a great time for buyers<br />
of commercial vehicles to land an<br />
attractive deal, as manufacturers look to<br />
clear stock holdings”, and the stimulus<br />
efforts provide even more impetus for<br />
prospective buyers.<br />
Its response, until the end of June<br />
or while stocks last, is “sharp pricing<br />
and extra value across selected Daily,<br />
Eurocargo and Australian-manufactured<br />
Stralis AD/AT models”.<br />
“In light of recent events, we’ve seen<br />
Iveco is including a<br />
five-year/300,000km<br />
factory warranty on<br />
Eurocargo ML120<br />
and ML160 models as<br />
well as a conditional<br />
bonus $3,000 Visa card<br />
the importance of the road transport<br />
sector and the fantastic work the<br />
industry is doing to keep Australia<br />
moving,” Iveco Australia marketing<br />
manager Damon Paull says.<br />
“Demand for commercial vehicles<br />
continues to be steady at this time, and<br />
we trust that the additional incentives<br />
that Iveco is offering until the end of<br />
June, makes putting one of our vehicles<br />
to work an even more appealing<br />
proposition.”<br />
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MAY 2020 73