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ACT was the only state or territory to finish 2020 with a gain in new car sales

ACT was the only state or territory to finish 2020 with a gain in new car sales, thanks to a brief January supercell Peter Brewer Volkswagen cars, together with Mazda, Hyundai, Subaru and Honda, showed an upward shift in the ACT. Picture: Peter Brewer One extraordinary weather event almost 12 months ago handed Canberra's new car market such a huge retail boost that the ACT was the only state or territory to finish the 2020 calendar year with a positive result. New car retail data released on Wednesday for 2020 revealed Australia's national sales plunged to their lowest annual level of demand in 17 years, with the ACT being the only state or territory to post a gain over 2019. The ACT's new car retail sales for 2020 were 22.6 per cent up on 2019, against a national sales decline of 13.7 per cent. Canberra's sales boost was largely a result of last year's intense January 20 hailstorm which swept in from th…

Used cars for new prices as COVID drives WA sales through the roof

Used cars for new prices as COVID drives WA sales through the roof By Emma Young When Colin Taylor knew his car was not long for this world he thought he would just pop down to the dealership and replace it. Little did he reckon with a soaring WA market, countering trends in the rest of the country, in which customers are experiencing months-long delivery delays, buying higher-end models than they wanted, and buying used for new-car prices. Colin Taylor with his new car. The model of Mitsubishi Triton Mr Taylor wanted wouldn’t be available for six or seven weeks, his dealer told him. “I figured that would mean 12 weeks,” he said. “So I opted to buy a new one they already had in the showroom. “I needed the car urgently. My existing vehicle was on the way out. I paid about $6000 more. “There are so many people waiting for new cars, plus they also told me people were buying used cars with low kilometres at much more expensive prices than the…

Toyota, Chinese cars the big winners as annual sales announced

Toyota, Chinese cars the big winners as annual sales announced Richard Blackburn It was the year that Holden died and new-car sales plummeted but some brands defied the odds. These are the winners and losers, with some surprises.

Last year was one the car industry would prefer to forget. We said goodbye to Holden and sales across the board were down by 14 per cent. In Victoria, the new-car market was down by close to 25 per cent as dealerships were forced to shut their doors during lockdown.

Some brands and nameplates weathered the storm better than others, though. Here’s a list of what was hot — and what was not — in 2020.

Toyota’s RAV4 Hybrid proved a huge hit. Picture: Thomas Wielecki.Source:Supplied

HOT Toyota The Japanese brand’s dominance of the new-car market is mind-boggling. It has been our number one brand for the past 18 years and has the best-selling ute, car and SUV. HiLux was the best…

RAC reveals list of cheapest new cars to run

RAC reveals list of cheapest new cars to run Staff Writer Eastern Reporter November 11, 2020

The RAC has revealed the cheapest new cars to run, with the Suzuki Baleno taking out top honours on price but not safety.

The 2020 Car Running Costs Survey unveiled WA’s cheapest and most expensive vehicles to own and run, and highlighted the need to look beyond just the drive-away price.

The survey examined 75 popular new cars across 11 categories, weighing up the cost of fuel, insurance, registration, loan repayments, tyres and servicing.

The hatchback Baleno had a weekly running cost of $166, but the RAC’s manager of vehicles and fuel Alex Forrest said price should not be the only concern for prospective buyers.

Alex Forrest with some of the vehicle'…

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 …

Used car prices hit another all-time high

It’s a seller’s market: Used car prices hit another all-time high Selling your car could be an easy way to make a quick buck during the coronavirus recession. Research by Moody’s Analytics and Datium Insights shows used vehicle prices rose for the fifth straight month in September to hit another all-time high. Average prices jumped 3.8 per cent over the month as persistent weakness in the new vehicles market and aversion to public transport left too many buyers chasing too few cars. A 2006 Nissan Patrol ST, for example, was selling for $15,510 more in September 2020 than in September 2019, with buyers forking out an average of $38,500 for the car, according to Carsales.com.au. (The 2017 Holden Special Vehicle GTS R experienced the biggest annual median price increase – rising by $51,990 to $169,990 – but that’s unsurprising given no more Holdens are rolling off the production line.) As Moody’s Analytics economist Michael Brisson put…

Used car prices surge at record rates as public transport shunned

Used car prices surge at record rates as public transport shunned Australians are driving up the price of used cars at record rates, taking advantage of the cheapest petrol prices in two decades and big incentives for businesses buying equipment and vehicles amid health fears about using public transport. While new car sales have dived, demand for used vehicles is now so high prices for second-hand cars have jumped 25 per cent above what they were in August 2019 according to Moody's Analytics data, which tracks transactions at car marketplace Pickles. Liam Baverstock, branch manager of Pickles in Canberra, has seen prices surging for used cars.CREDIT:ALEX ELLINGHAUSEN

This is a record annual growth rate, surpassing a previous 20 per cent price rise in December 2009 following the global financial crisis, and comes after…

ACCC car dealer tricks

ACCC lifts lid on car dealer tricks The Australian Competition and Consumer Commission (ACCC) has shone a light on some of the tactics used by car dealers and the inner workings of their business models, in an industry with ''opaque'' pricing.The competition regulator says dealers generally won't offer their best price over the phone, that no cars sell at the recommended retail price set by manufacturers, and most buyers will only travel a maximum of 35 kilometres out of their home area to make a purchase.

The ACCC's observations are contained in a 16-page document summarising its early findings as it scrutinises the proposed $2.3 billion merger between AP Eagers and Automotive Holdings Group to form a car dealership giant with 12 per cent of the Australian market and 229 locations.

The ACCC's assessment of a proposed big auto dea…