AADA News
CEO Message No. 53
7th April, 2020Since we put out our last newsletter in early March the world has become a very different place. The emergence of the COVID-19 virus has prompted Governments across Australia to put restrictions in place to protect the public from the global pandemic. It has become very clear that there is and will continue to be
CEO Message No. 52
6th March, 2020The final weeks of February were very difficult for many of the AADA’s members with GM’s announcement that it was dumping the Holden brand altogether and prematurely ending about 200 Dealer agreements in the process. The decision came as a shock to many Dealers who were led to believe that Holden was here for the
CEO Message No. 51
10th February, 2020The new vehicle sales figures for the first month of 2020 show that sales contracted by over 12 per cent measured against the same period last year. It is certainly no surprise that sales are down given the state of the market over the past 22 months compounded by the drought affecting large parts of
CEO Message No. 50
9th December, 2019November’s VFACTs has confirmed what we all suspected with the industry now officially recording its 20th consecutive month of declining new car sales. The media has started asking whether Australia is perhaps experiencing a retail recession. In the automotive retail sector there is no doubt about it. The definition of a recession is two consecutive quarters of negative economic growth
CEO Message No. 49
8th November, 2019Point of Sale Exemption When the Banking Royal Commission was announced back in late 2017, very few people thought it would have significant implications for franchised new car Dealers. After all, it was misconduct primarily by the big four banks which caused public outrage. Yet in February when the Royal Commission recommendations and the Government’s
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