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Federal tax breaks to continue ute boom - motoring com au

Federal tax breaks to continue ute boom Federal tax breaks to continue ute boom May 12, 2021 Budget overlooks electric cars but all motorists to benefit from road infrastructure funding The federal government’s big-spending budget has delivered good news for business owners with the extension of the instant asset write-off scheme that has been instrumental in stimulating strong growth in vehicle sales, particularly utes. Now known as the ‘temporary full expensing’ measure, the write-off was introduced early in 2020 as the COVID-19 pandemic took hold in Australia (and was revised later in the year) to allow businesses with a turnover of up to $5 billion to write off the full value of an eligible asset such as a work vehicle.

VFACTS April 2021: New-car sales results, record month despite semiconductor shortages

- shares bounced back from the worst April on record – during the peak of coronavirus lockdowns – to deliver the best April on record. And the Ford Ranger has topped the monthly sales charts for only the third time in its history, displacing the Toyota HiLux which maintains its lead in the year-to-date tally and is on-track for its sixth annual win in a row. Official new-car sales figures for April 2021 published by the Federal Chamber of Automotive Industries (FCAI) show 92,347 vehicles were reported as sold, an increase of 137.2 per cent compared to the same month last year. It was the

Used car prices 37pc above pre-COVID highs

Used car prices 37pc above pre-COVID highs A global microchip shortage has cut the supply of new vehicles, fuelling demand for used cars as Australia’s economy recovers. Motoring by Lachlan Moffet Gray Premium Content Subscriber only Used vehicle prices continued a relentless path higher in the first quarter of the year as Australia s strong economic recovery, combined with new vehicle supply constraints, pushed the cost of a preloved car 37 per cent above pre-pandemic highs. A report by Moody s Analytics senior economist Michael Brisson shows that the average price of a second hand car lifted five per cent in the three months to March - the slowest quarterly increase in the past year, but a rate of growth above any quarterly increase in the decade prior.

Used car prices 37pc above pre-COVID highs

Used car prices 37pc above pre-COVID highs
gympietimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gympietimes.com.au Daily Mail and Mail on Sunday newspapers.

Used car prices 37pc above pre-COVID highs

Used car prices 37pc above pre-COVID highs
gattonstar.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gattonstar.com.au Daily Mail and Mail on Sunday newspapers.

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