Thread: Big slump in new car sales

Sure is. My missus (being an ex-Volvo driver) got an offer in the mail to buy a new Volvo and they would throw in:
o Free rego
o Free stamp duty
o 3 years servicing
o 3 years of petrol

They must be pretty desperate to quit stock.

Must be the same for Land Rover too I'd be guessing. Not so many people wanting to invest $50K - $150K in their products this year.

Given that there are long order times for cars (6 months +) I reckon by feb next year there are going to be some cracking prices. After the stock is used up they may go up due to the dollar.

It wouldn't be much fun being a dealer at the moment. Especially if your yard was GE or Essanda financed... which apparently 40% of them are.

There was also an article, but I can't find it online, saying Toyota were upping thier prices across the board from $500 on a yaris to something like $6500 on a landcruiser
Could be a desperate attempt to get heads in the door??

Originally Posted by DeeJay

There was also an article, but I can't find it online, saying Toyota were upping thier prices across the board from $500 on a yaris to something like $6500 on a landcruiser
Could be a desperate attempt to get heads in the door??

Wrong , Its the drop in the Austrailian $$
Look out cause you common Dunnydore will cost more , as more than 70% of the parts are imported to build your Austrailian car Did,nt know that did you
Some interesting reading
http://www.drive.com.au/Editorial/Ar...eID=59415&vf=2

I passed this information on to my brother in Houston - here is his response - worth noting that the situation is a lot worse than here.

"Car sales are down by much more here: overall it's about 36%. *Chrysler is the
worst of the major manufacturers, nearly 50% down, GM about 42% and Ford 31%. *
Toyota is down about 34%, Honda 32% and Nissan 42%. *Some of the minor
manufacturers are in even worse shape: I think Isuzu is down over 75%. *But
interestingly VW is only down 19%.

The general attitude in Houston towards bailing out the car manufacturers
is "so what if a million people in Detroit are out of work if GM goes belly
up -- no one bailed out the oil industry in the 1980s when a million people
were out of work.""


John

I chuckle when I see the current Holden ad on TV. They bang on about how times are tough, so they are doing deals on new Holdens.

I always think, if times are that tough for people, then don't buy a new car!

Originally Posted by rangieman

Wrong , Its the drop in the Austrailian $$..............................

interesting isn't it?, the same importers didn't care to reduce prices when the dollar was increasing (and why should they have? - the customers were happy to pay )..........

.... but those importers/distributors surely were able to sock enough $s away then to see them through this little hiccup....

at least our govt is going to help them... phew

Car dealers get a $2b bail-out