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Page 2 - ஆஸ்திரேலிய தானியங்கி விநியோகஸ்தர் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Why showrooms are running out of new cars

- shares Car buyers are waiting months – and in some cases until early next year – to take delivery of new vehicles because a global shortage of semi conductors has temporarily slammed the brakes on car production lines. A year ago, car dealers were overstocked with new models as demand fell by almost 50 per cent, and had concerns they might close their doors forever as the COVID-19 pandemic started to take hold in Australia. However, 12 months on, the economy has recovered faster than expected and demand for new cars is now out-stripping supply, as more Australians are treating themselves to a new car, boat, caravan or home renovation amid international travel restrictions.

VFACTS March 2021: New-car sales results, market recovery slowed by severe stock shortages

- shares Demand for new cars continued their recovery across Australia for the fifth month in a row, with official March results released today showing steady growth as the Toyota HiLux and Ford Ranger continued to lead the charts and utes filled four of the Top 10 positions. However, despite the positive signs, dealers say the figures could have been much higher – and they are taking more orders than they have cars to deliver – if not for severe stock shortages of popular models due to a global parts shortages caused by the coronavirus crisis. March is historically the second-biggest month for new-car sales – after June – as the end of the Japanese financial year customarily sparks a sales push from most Top 10 brands who are trying to hit targets or forced to respond to sharp deals from Japanese rivals.

Senate inquiry into car dealerships prompts overhaul of franchising rules

Senate inquiry into car dealerships prompts overhaul of franchising rules
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