Global shortage of new cars leaves car yards nearly empty and forces used car prices up

Key points: There is a shortage of new imported cars reaching Australia Car yards usually filled with new cars are nearly empty Prices of used vehicles are up 30 per cent on this time last year

He said, normally, he would have eight to 12 to cars on display.

"At the moment, we have one, so supply is very tight," he said.

"The factory in Japan closed down for a month, so it's been a chase, a catch-up, ever since."

Mr Sutton said he still had plenty of people interested in buying new cars — they just had to wait a little longer.

"Customers come in, and they need to order vehicles, and there'd be a two-to-three-month delay," he said. Demand up, supply down Neil Sutton is finding it hard to get new cars to fill his car yard.(ABC Alice Springs: Oliver Gordon)

What's happening at this car dealership in Alice Springs reflects a …

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Alice Springs Car Dealership sees Pandemic car sales bonanza

Pandemic car sales bonanza By Erwin Chlanda By ERWIN CHLANDA After 45 years of selling cars, partly in Alice Springs including the past seven year, Stephen Rogers (at right) thought he’d seen it all: The start of 2020 was looking not too bad, fitting into the pattern of the industry’s minor ups and downs, February and March usually being quiet. Then COVID-19 struck and disaster seemed inevitable. The opposite was the case: The Federal Government’s string of economic rescue initiatives, starting in April with early releases of superannuation savings, opened a money flood that saw car yards on the North Stuart Highway filling and emptying several times over. No sooner a load of used cars arrives in town they are snapped up, says Mr Rogers. Some people form bush communities are buying two at a time, says another dealer. Unsurprisingly a $6000 car now costs $8000, a result partly of drops in new car purchases in South Australi…
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