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Warning! Order a new car now, stock shortages to continue into 2022 say experts 
News
8th Jul 2021
4 min read

Warning! Order a new car now, stock shortages to continue into 2022 say experts 

The severe shortage of new cars is set to continue into 2022 – rather than recover in the second half of this year as originally forecast – automotive industry leaders have warned. The slowdown of car assembly lines overseas is already being felt in Australia, which also may not fully recover for at least another six months. Most Top 10 car brands in Australia have advised dealers in the past few weeks to expect the stock shortages to get worse before they get better.
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Joshua Dowling
BMW production now listed as "critical" as semiconductor shortage takes hold – report
News
5th Jul 2021
1 min read

BMW production now listed as "critical" as semiconductor shortage takes hold – report

BMW’s ability to manufacture cars – impeded by the ongoing semiconductor shortage – is now "critical" and could lead to a significant drop in production, according to a new report from international news agency Reuters. Board member Milan Nedeljkovic told the global news outlet manufacturing at some facilities had already been paused – and total output was down by an estimated 30,000 vehicles year-to-date in 2021.
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William Davis
Porsche Australia appoints Daniel Schmollinger to CEO and Managing Director roles
News
2nd Jul 2021
1 min read

Porsche Australia appoints Daniel Schmollinger to CEO and Managing Director roles

Porsche Australia has appointed Daniel Schmollinger to the position of CEO and Managing Director. Mr Schmollinger – who has worked for the Volkswagen sports car subsidiary since 2004, and currently serves as Porsche’s Vice President of Marketing in China – will relocate to Australia in late August, before officially taking the reins on 1 September 2021.
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William Davis
Fixed price “agency” dealer network will lead to higher new-car prices, says industry expert
News
6th Jun 2021
3 min read

Fixed price “agency” dealer network will lead to higher new-car prices, says industry expert

The controversial fixed-price direct sales model about to be rolled out by Honda and Mercedes-Benz in Australia will likely lead to buyers paying more for new cars. Honda, Mercedes and other supporters of direct sales say fixed prices are fairer for all customers, especially those who aren't good negotiators. However, a leading industry veteran says it will lead to all customers paying higher transaction prices.
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Joshua Dowling
VFACTS May 2021: Kia overtakes Ford and Hyundai, now it has severe stock shortages 
News
3rd Jun 2021
3 min read

VFACTS May 2021: Kia overtakes Ford and Hyundai, now it has severe stock shortages 

Kia has overtaken Ford, Mitsubishi and its sister brand Hyundai in a major upset that catapulted the brand to third place in the new-car sales race in May 2021. It is the first time Kia has outsold Ford in a monthly sales race, the second time it has ranked in third place, and the third time it has beaten Hyundai.
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Joshua Dowling