Australia’s turbocharged new-car market sees its 67 brands struggling to make a profit, but consumers ultimately winning in the bare-knuckle competition. The Federal Chamber of Automotive Industries says a vast majority of the 350 models sold in the country transact at a lower price than in other right-hand-drive markets. That makes for a buyer’s market and may speed the death of the local car-manufacturing industry. After peaking at 475,000 units in 1970, domestic output has ...

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