Beat the price rises: currency pressure poised to push up the cost of cars in 2020
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After three decades of record low prices and affordability, Australia’s top-selling cars are on the brink of becoming more expensive.
Car companies are warning dealers they can no longer absorb the cost of unfavourable exchange rates.
They have been told prices of popular models could rise by between $500 and $1000 – and discounts will be not as generous as they have been in the recent past.
Kia the only brand inside the Top 10 to post a sales increase in 2019
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Hyundai’s sister brand Kia was the only brand inside the Top 10 to report sales growth in 2019 – the slowest new-car market since 2011 – after posting its fifth record result in a row and tripling its sales in 10 years.
Kia wasn’t even in the Top 10 until 2004 and 2005 – when it scraped into 10th place – when the Korean cars were imported by an independent distributor.
Stink bugs delay 10,000 Hyundai and Kia cars following increased biosecurity checks
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EXCLUSIVE
Anyone looking to buy a new Hyundai or Kia car may have their delivery delayed by up to two months after four cargo ships were quarantined or turned around to treat the latest outbreak of stink bugs and other foreign pests.
Approximately 4000 Hyundai cars and 6000 Kia vehicles are caught up in the first detection of stink bugs for the 2019-2020 season. Other car brands on the same ships are likely to be affected but are yet to come forward.
Ford Ranger 4x4 outsells Toyota HiLux 4x4 for seventh month in a row
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The Ford Ranger four-wheel drive ute has outsold the Toyota HiLux four-wheel drive for the seventh month in a row – the longest winning streak to date for the Blue Oval brand.
However, the Toyota HiLux remains on track to become the best-selling vehicle outright for the fourth year in a row when all variants are included – counted by nameplate according to standard industry practice – as it now has an unassailable lead.
