Media Releases
Plunge In Loans Risks Auto Recovery
New ABS data released today shows record falls of 37.8 per cent in the value of loan commitments for road vehicles in April. “These figures reflect the plunge in new…
New Car Dealers Welcome Instant Asset Write-Off Extension
The industry body representing new car Dealers has welcomed the extension of the expanded instant asset write-off until the end of the year. “This is very welcome news for car…
New Car Sales Plunge Continues as Credit Dries Up
New car sales figures continue to plunge to record lows as the month of May represents the 26th month of falling sales amid a significant credit crunch. Less than 60,000…
New Car Dealer Regulations First Step, Further Action Urgently Required
The industry body representing new car Dealers acknowledges new automotive franchising regulations but has urged the Government to move urgently to address unresolved issues which allow offshore car Manufacturers to…
Australia’s Cars Getting Older – Fleet Renewal Needed
The industry body representing new car Dealers has called on the Government to focus on renewing our vehicle fleet as new data shows the age of our fleet is falling…
Dealers Welcome ACCC Intervention in GM Negotiations
The peak body representing new car Dealers has welcomed the ACCC’s intervention in General Motors’ negotiations with Australian car Dealers. “There is a sense of relief among Holden Dealers and…
Treatment of Holden Dealers Demonstrates Need for Regulation
The peak body representing new car Dealers strongly supports Senator James McGrath’s statement in the Senate calling out General Motors’ poor treatment of local Australian car Dealers. “The COVID-19 crisis…
New Car Sales Fall to Record Lows
New car sales figures released for the month of April represent the lowest number of cars sold in a month in 26 years and the biggest monthly decline on record….
Depressed New Car Sales Only the Beginning
New car sales figures released for the month of March are the worst monthly result in more than a decade but only serve as an indicator of the hardship Dealers…
Honda Announcement of Dealer Cuts Lacks Compassion
Today marks another sad day for many of Australia’s franchised new car Dealers with the news that Honda will be significantly cutting its Dealer network. “Our thoughts are with those…