A proposed increase in Australia’s luxury-car tax is to blame for a 2.7% decline in new-vehicle sales to 83,976 units in July. The new Labor government is in the process of raising the levy on cars costing more than A$57,123 ($52,351) to 33% from 25%. The legislation, now tied up in Senate hearings, is to be backdated to July 1. The July result was only the second time in the last 19 months the Australian market has not seen a year-on-year sales increase. “The proposed tax hike has ...
Premium Content (PAID Subscription Required)
"Oz Luxury-Car Tax Impacts July Sales; New Zealand Market Loses Steam" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.