Australia’s new Labor government plans to hike the tax on luxury cars to 33% from 25% in the country’s first tax increase of any kind in more than 12 years. The new levy affects vehicles costing more than A$57,000 ($53,947). Federal Treasurer Wayne Swan says imported cars mostly will feel the effect. For example, an extra A$2,600 ($2,461) in tax will be added to the A$105,000 ($99,398) Jaguar S-Type and A$30,000 ($28,407) to the price of a A$417,000 ($394,869) Ferrari. An increase on ...

Premium Content (PAID Subscription Required)

"Printer-friendly" 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!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.