The peak body representing franchised new car Dealers has welcomed today’s Budget as an important step in driving the recovery in the automotive industry and the wider economy.
“We hope the measures announced in the Budget will be a shot in the arm for the industry, which had been struggling even before the pandemic and has now experienced 30 months of consecutive falling sales,” said AADA CEO James Voortman.
“The Government is encouraging businesses to invest and employ more people while bringing forward tax cuts will give consumers more disposable income which will trickle down into the economy,” he said.
“JobKeeper payments were crucial in allowing Dealers to stay connected to their employees through the first six months of this crisis. We acknowledge the ongoing commitment to employment through the support offered for businesses employing new apprentices and unemployed youth,” he said.
“This Budget acknowledges that business investment will be a crucial part of Australia’s economic recovery through the newly announced temporary full expensing coupled with the instant asset write-off,” said Mr Voortman.
“Once again, we are disappointed the Government has resisted removing some of the legacy automotive taxes for an industry that is doing it tough,” said AADA CEO James Voortman.
“The import tariff and the luxury car tax are protecting a domestic manufacturing industry which no longer exists and their removal could benefit consumers and retail businesses,” he said.