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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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