Australians eager to vacation at house are struggling to supply bullbars, tenting gear, and different equipment.
A surge in Toyota LandCruiser, Nissan Patrol and dual-cab ute demand has created a scarcity of bullbars and different widespread equipment.
Shops representing manufacturers corresponding to ARB and TJM – in addition to devoted shops corresponding to Ironman 4×4 – are reporting extreme inventory shortages on bullbars and different equipment for widespread fashions together with the Toyota HiLux and Ford Ranger.
In a submitting to the Australian Inventory Alternate, the nation’s longest-standing and solely publicly-listed bullbar and off-road accent firm, ARB, reported a 21.6 per cent improve in income within the final half of 2020 (which is the primary half of the 2020/21 monetary 12 months).
ARB – which sells bullbars and different equipment underneath its personal branding and likewise provides real equipment to Toyota, Ford, Isuzu and Mazda – reported a turnover of $284 million and an estimated revenue of between $70 million and $72 million for the six-month interval.
The submitting additionally revealed ARB acquired $9.8 million in “non-recurring authorities advantages”, which is believed to be the Federal Authorities’s JobKeeper subsidy.
ARB was cautiously optimistic about demand for bullbars and different off-road equipment within the first half of 2021.
“(ARB) maintains a optimistic short-term outlook primarily based on a robust buyer order e book and one other report gross sales month in December 2020,” the ARB submitting to the Australian Inventory Alternate stated.
“Nonetheless, (ARB’s) first half efficiency shouldn’t be used as an indicator for the second half of the monetary 12 months, for which no steerage could be supplied, because it stays far too unsure to foretell within the present financial local weather.”
The rise in demand for four-wheel-drive equipment comes as gross sales of the Toyota LandCruiser and Nissan Patrol surged in 2020, and three utes – the Toyota HiLux, Ford Ranger and Isuzu D-Max – made it into the Prime 10 gross sales spots within the final three months of final 12 months.
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Surge in four-wheel-drive and ute gross sales sparks bullbar scarcity