So glad the "Luxury Car Tax" is still protecting the Australian car industry. We need to keep that tax to protect the.... the... Australian car industry? What are we protecting again?
@daweigo6851Ай бұрын
😅😅
@kevinwong3722Ай бұрын
Government want to tax everything they can get their hand on
@timqin4889Ай бұрын
For real ? 😂
@RoflMaiWaffel28 күн бұрын
Tax revenue
@akaYOOOOO27 күн бұрын
I think you mean the pensions of politicians...
@DYTM23Ай бұрын
Funny how all these companies could afford to make such reductions in price and still stay profitable. So sick of companies screwing the consumer constantly.
@davidlloyd1526Ай бұрын
To be fair, you know whatever you buy this year, you can buy next year for 10% less...
@randombully3798Ай бұрын
I'm pretty sure lots of companies are selling for some loss, to either increase their market share or to get rid of their stock of cars.
@davidbrayshaw3529Ай бұрын
Think about that when you're pay turns up in your account at the end of the month. We all get screwed. We all screw.
@anrit5972Ай бұрын
To many people are happy to pay a high price because it’s the price of the vehicle that places it on the imaginary status rankings. The so called legacy car brands have engineered their products to fall apart and when this is coupled to their terrible quality control no one in their right mind would hand over their hard earned to them.
@RaindancerAUАй бұрын
Definition of capitalism is to make something for as cheap as possible and sell for as high as possible. It's what every business is supposed to be doing.
@kurjan1Ай бұрын
As someone who has lived in Europe, the Middle East and China... car prices in Australia are still far too high!
@whophdАй бұрын
Yeah I feel like this video isn’t admitting that we are self-correcting from an overpriced market that existed until manufacturing died, a whole 10 years ago now … very slow but we are finally repairing decades of damage
@sexatica23 күн бұрын
Go to Singapore 😂
@perfectdiversion22 күн бұрын
Australia is like the most expensive country in the world to buy cars, whereas America is one of the cheapest. Australia's indirect taxing on everything just inhibits so much here
@glswenson21 күн бұрын
@@perfectdiversionAs an American living in Australia New cars here feel a lot cheaper to me than they did back home.
@newbris20 күн бұрын
BYD at least are far far cheaper in Australia than the UK so things are changing.
@kdegraaАй бұрын
The main reason so many brands sell cars in in Australia is they make plenty of money in Australia with high margins.
@remix-yy1hs25 күн бұрын
Nit much inn Australia but eu. They make 5k-10kprofit in Australia in eu they make 14k and up. In china they make 1400 to 3k
@pixelpotato487428 күн бұрын
Being the 2nd most expensive Country to buy a property after Hong Kong also gives Car Companies the impression that there are 26 Million Millionaires living on this Island 😂
@coopsnz123 күн бұрын
austarlia has high taxes why cars expensive a $400000 car tax all up $180000
@coopsnz123 күн бұрын
you vote for socialism why cars expensive in australia
@mountainjews22 күн бұрын
@@coopsnz1how the fuck Is Australia socialist in any way 💀💀
@newbris20 күн бұрын
@@coopsnz1 ok cooker
@newbris20 күн бұрын
We are top 5 in median net wealth.
@000T00bАй бұрын
The legacy brands have screwed us over for decades. Now that new competition is around the corner, we can see exactly how much we’ve screwed over in actual dollars. Screw them ! When it comes time for replacement of my car, they won’t be getting a look in from me.
@davidbrayshaw3529Ай бұрын
Well, they're not very good at screwing, then. They're all in masses of debt and paying pennies on the dollar in dividends.
@Sal3600Ай бұрын
fk them all. I just bought a tesla.
@BrunoHeggli-zp3nlАй бұрын
You arent screwed at all!You all have it way to good but always complaining!
@ApexALАй бұрын
@@BrunoHeggli-zp3nl nonsense.. I don't know what you're angle is! Car dealer perhaps
@DTOYWRLDАй бұрын
@@davidbrayshaw3529overpaid employees
@hadtobe4502Ай бұрын
NO tariffs - have you forgotten Govt money making LCT which was introduced because of the ailing car industry. Now just a cash cow that no Govt wants to get rid of.
@GDM22Ай бұрын
That isn't a tariff, it is just an additional tax on cars above a certain price, it is a targeted tax on the wealthy.
@jirhoudАй бұрын
@@GDM22howard introduced it to “boost” manufacturing in australia. then the conservative government shut down manufacturing and both governments kept the tax.
@GDM22Ай бұрын
@@jirhoud Sure, but government view is, if you can afford an $80k car then you can pay some additional tax.
@thekrazyasianАй бұрын
The LCT are for cars above 70k, these dirt cheap chinese cars aren't affected by it
@miraphycs737728 күн бұрын
have u heard the phrase an eye for an eye, an ear for an ear? China has huge tariffs on imported cars and force foreign automaker into partnerships, joint venture and local production. When China starts producing and exporting cars to those countries, you expect it to go barrier and restriction free? Only China gets a one-free-way? What a naive thinking. China got the trade war and trade restriction it deserved. If china doesn't like it, either drop the tariffs on foreign cars or go do partnership, joint venture and local production like it forced on foreign cars.
@Coopsoldman25 күн бұрын
Ok third generation dealer here. A lot of bad info here. Prices aren’t actually any cheaper than what they were before all the covid crap. Prices were high back then too you just NEVER got full retail for a new car unless you had a unicorn that was in demand. I’ve been in industry my whole life and Australia IS NOT a “testing ground” for other markets. It’s essentially a dumping ground that equates to manufacturers 1% of sales (except Mazda, we’re like 10% of their market and no one can work out why) they do not care what Australia does or thinks. Why do you think there was no diesel option for the Y62 patrol??? Prices are just going back to normal because the supply is returning to normal and everyone’s mentality here in the new car market is market share not profitability. We would literally average a few hundred bucks profit a unit every month and that’s including holdback (a manufacturers bonus for hitting goals basically).
@unclepete10020 күн бұрын
Mazdas selling like hot cakes in Oz, why? Made in Japan, value for money, great vehicles.
@godfreypoon514814 күн бұрын
@@unclepete100 Yeah. they tend to be good vehicles. Not much to figure out there.
@SigFigNewton4 күн бұрын
“Zoom zoom” really struck a chord with aussies?
@TheStagswagАй бұрын
Car companies and dealers still riding that covid high suv demand, I'm really sick of suv's costing and arm and a leg for average products, give us sedans...
@robotnoir5299Ай бұрын
It's getting harder and harder to drive anything else, with the surrounding SUVs making visability a huge issue, and the ultra-heavy EVs rapidly converting even inner-city roads into the kokoda-track.
@TheStagswagАй бұрын
@robotnoir5299 if you want to buy a large sedan your choices are few are far between and it's 60k+
@RogerSutton-ik9fjАй бұрын
The young largely can't afford new cars so guess what families and oldies who can want?
@aarons6935Ай бұрын
I love my suv, granted i love it because it's nice to lay down the seats and starfish when i want a nap.
@vernonwhite4660Ай бұрын
Manufactures in Thailand are dropping prices as fast as they can go.😊
@skabooshАй бұрын
I've never seen an episode of the kardashians and never will
@vangpham2514Ай бұрын
without the Chinese brands, do you think those EU and US brands would lower their prices? so keep on bashing anti china craps
@rodgal87Ай бұрын
so true
@Deandzzzzzz27 күн бұрын
Can't agree more. You get to choose whatever car make/model you like. Hate Chinese cars? Absolutely fine! But if you could pay heaps less for a Japanese, Korean/European vehicle at a lower price due to bloody price war, why the hell would you say yes to a ridiculous price tag??
@izzy03109627 күн бұрын
@@DeandzzzzzzI’d just be sensible and buy a reputable used Japanese car that is tried, tested, and proven to last. There’s a reason this Chinese stuff is cheap, look at MG reviews…
@TinOfMilo27 күн бұрын
I mean I love my stuff from China, but Haval are massive turds. Like LDV is still better then them.
@Deandzzzzzz26 күн бұрын
@@izzy031096 I never imply that you must buy Chinese cars. Your money your decision to make on what car to buy. Doesn't matter to me. More competition is ALWAYS beneficial for buyers like you and me.
@douglachman7330Ай бұрын
Are you kidding? Now Australia has more variety of available vehicles for our customers. Australia is the defacto market testing ground. Yes indeed. We are much better off without car manufacturers. The Tesla prices quoted are as shown in USdollars. However thats BS as our Teslas are sourced from China not the USA, which reduces the purchase price considerably. Made in America is expensive.
@firstprib774225 күн бұрын
1:00 It doesn't blow most informed minds. Australia's population is 1/10th that of america. So you expect car sales to be the same and it is.
@axiomic7 күн бұрын
I think you entirely missed the point of what blew his mind.. Despite having just 1/10th the sales, Australia has more car brands than the USA and with more to come..
@firstprib77427 күн бұрын
Fair but thats why i timestamped it at 1 minute. At the start he was speaking about volume, and that shouldnt surprise anyone.
@axiomic7 күн бұрын
@@firstprib7742 haha no 😝 he spent the entire first minute contrasting the size of the markets with number of car brands each market has, it was all in the context of that one point.
@firstprib77427 күн бұрын
@@axiomic ah yes you are right.
@SigFigNewton4 күн бұрын
🤯
@klausschroiff4405Ай бұрын
Well, the price war hasn't reached the popular ute and 4x4 market yet - or to be precise, the legacy player had no reason to lower their prices yet. Maybe the BYD Shark will change this.
@tren133Ай бұрын
BYD Shark isn't exactly cheap either though. The RADAR RD6 is actually the cheapest EV pickup coming out of China, but for whatever reason Geely doesn't seem in any hurry to export it in high volumes. I would think the RD6 would do extremely well in Australia. Might be the closest thing you can get to those classic Holden/Ford sedan based utes, except with 2 additional doors.
@izzy03109627 күн бұрын
I doubt what any crappy chinese company does will ever really impact what Toyota or Nissan produce and sell. In terms of quality and capability, they are chalk and cheese.
@Pantimoto26 күн бұрын
Coz there's a demand especially the tax loops if you buy 1.
@tren13326 күн бұрын
@@izzy031096 YOU can go ahead and doubt whether the "crappy chinese company" affects Toyota, but Toyota certainly doesn't doubt it. You might want to look up the Toyota bZ3, which is Toyota's best effort so far at making a BEV ... because it uses a complete BYD powertrain underneath. Oh you might say Toyota is crap at making pure EVs, that's why they had to source some BYD stuff for their relatively low volume EV models. But it is all but official now that the next generation Toyota plug-in HYBRIDS will now also use BYD's newest DM-i PHEV tech. I mean that's just crazy right? Everyone knows Toyota is the grandpapy of hybrid tech, and have always led in this field. How could they be paying BYD for such foundational tech in their own cars? Well most people just think Toyota is the inventor hybrid tech, but other companies have pioneered this tech as well. In fact BYD is actually the first company to mass produce a PHEV for sale, and now they are on the 5.0 generation of their plug=in drivetrain, and their newly launched 5.0 DM-i platform is so good even Toyota will be sourcing it for their own cars.
@newbris20 күн бұрын
@@izzy031096 2010 wants its opinion back ha ha
@vladimiryezhov3521Ай бұрын
When I was buying my first car I wanted something not too expensive and reliable so I went to have a look at Toyota, maybe a rav 4 or kluger, the toyota dealership just look as if thet have the sentence "I am Toyota, I'm going to rip you off" on their face so in that sense more competition is absolutely needed here
@RogerSutton-ik9fjАй бұрын
First car and wants a RAV4 or Kluger and gets mugged by reality. LOL
@vladimiryezhov3521Ай бұрын
@@RogerSutton-ik9fj and in reality I got a X1 Xdrive instead lol
@MrTripsJАй бұрын
Toyota dealers are terrible but I wouldn’t say the brand itself is
@izzy03109627 күн бұрын
Buy a used one with a few years of testing done to truly understand what goes wrong and how reliable they are. You’ll experience bugger all depreciation and will spend half as much.
@izzy03109627 күн бұрын
@@vladimiryezhov3521Please, you didn’t get a BMW of all things? Arguably the most unreliable and costly brand of all time..
@jetnavigatorАй бұрын
You can offer a 10 year warranty when you know you won't be around in 10 years. Might as well be a 100 year warranty...
@michaelhermans4753Ай бұрын
Watch the price of spare parts rocket up when profits on new cars erode
@whophdАй бұрын
@@michaelhermans4753The prices of spare parts will always be as high as they can sell them, big profits or low profits
@SurmaSampo26 күн бұрын
The car retailer is required by law to provide a statutory warranty of 10 years under consumer law.
@lllordllloydАй бұрын
I'm not sure why people are so upset about car pricing: there are just so many options if you don't like the price. Unlike, say, food and electricity. Electric cars aren't selling because most who want one have one, so the potential market is now declining as more brands enter the market. And there's that recession the RBA has been trying to bring on.
@tanssi214522 күн бұрын
The issue is a lot of these products position themselves at basic necessity prices and cannot deliver a worthy product even by the lowest of standards, but lure in exclusively the people that can’t afford their major and imminent issues, this isn’t an Aston Martin for Sunday drives
@Bobby_JaneАй бұрын
Love the market update! Please keep them coming.
@Mel_GerrardАй бұрын
The US is a closed market, that doesn't permit fair competition.
@randombully3798Ай бұрын
Same as china, EU, india, japan and many more countries. If Australia had its own auto industry it would have been somewhat close market itself.
@max33kickАй бұрын
Car sales vs car brand comparing is not convincing
@Gengargamer2_Ай бұрын
@@randombully3798All you have to do is look back about 10 years ago to see what it was like. And it sort of was
@robotnoir5299Ай бұрын
When you say "closed", do you mean "not-moronic"? Australia is rapidly becoming a stone-age country. We not even capable of refining (most of) our own ore into metal anymore.
@Mel_GerrardАй бұрын
@@robotnoir5299 That's what you get being a US puppet state.
@stevematthes4325Ай бұрын
I first met John Cadogan in Sydney 4 years ago. We got to talking about cars and got on very well. We met for coffee that evening. We went for a walk in the park, talked about the car industry, held hands and watched the sunset. John is an amazing guy and I will never forget that day.
@MrTripsJАй бұрын
doooooooode.
@foxtrot762Ай бұрын
Did you put his sausage in your mouth too
@deanchurАй бұрын
So sad you both had to break up after he moved to Dingo Piss Creek.
@stevematthes4325Ай бұрын
@@foxtrot762 Please be more kind foxtrot. John has had many wives and just wanted to try something new.
@shanea961328 күн бұрын
@@stevematthes4325that's a beautiful story. I think you could sell it as a song to Taylor Swift and pocket millions.
@-PORK-CHOP-Ай бұрын
Tesla price of $55,386 is incorrect, this price is indicated with an estimated 5-Year fuel saving, the actual price driveaway is AU$60,868 I don't understand how you can advertise a price that's not actually the price !!!
@wiiagzia9450Ай бұрын
he is talking about the price before on-road cost, so not the drive away price
@-PORK-CHOP-Ай бұрын
@@wiiagzia9450 That's not what I was referring to, if you go to Tesla website the advertised drive away price is $55,386 with an asterix, the actual price at the bottom of the page is $60,868, Tesla advertise the car as costing $55,386, this figure says considering a 5 year fuel saving, so the price of the car drive-away or before on-road is considerably more than advertised on their website because they are playing with the numbers.
@LJT198123 күн бұрын
If you look at new stock inventory on Teslas website, you will see the price is cheaper compared with if you order a new build. Hope this helps.
@kitatitАй бұрын
Bought a 2000 Magna for $3000 11yrs ago. Maintain it myself and runs well. I’ll let other people take one for the team for another 5yrs then feed it to a car crusher.
@andy_mac114 күн бұрын
I hope you never get involved in an accident in that Magna, very unsafe, seen this first hand as a first onsite to a Magna accident
@kitatit14 күн бұрын
@@andy_mac1 I’ll take my chances. Driving 5000km a year. I’m rarely on the road. I catch the train when possible. I bought a house 10mins from the airport for FIFO job. There are more ways to reduce your probability of death in a motor vehicle accident than borrows a lot of money for the expensive to buy, insure and repair liabilities new cars are.
@mickzed6393Ай бұрын
Let's take it for what it is. Still one of the most diverse and AFFORDABLE markets in the western world. One example, VW's have been cheaper here than in Germany for ever.
@teinspringzАй бұрын
thankful for everyone who has held out on splurging on a new car, and waiting for a decent model and deal. ❤
@elmoheadАй бұрын
I bought BYD atto 3 for $40k when it was first announced during COVID. Nobody here knew how good they are.
@SigFigNewton4 күн бұрын
Interest rates will be lower in a year, should help the auto market
@MW-uk6cf22 күн бұрын
Long warranties are sneaky. They lock you in for 7 to 10 years, depending on the manufacturer, to their maintenance cost. They may have lower profit from a sale, but get you for the next 10 years on maintenance costs.
@wheresmycheese851116 күн бұрын
You don't need to service an MG at the dealer to maintain the 10 year warranty. It can be serviced anywhere and you'll be fine
@philiparmbruster2396Ай бұрын
Those tiny volumes will not allow for parts support or dealer training. So good luck if something goes wrong with one of the Chinese wonders. And in the USA EVs have been shown to have many more problems than most ICE models. So enjoy waiting weeks to months to have your car fixed.
@loydclaridades8953Ай бұрын
It's even cheaper to buy a car in NZ than AU. Just look at the price of Kia. An EV9 Earth spec in AU would cost 120k and same spec in NZ would only cost 90k.
@RexNathanChan26 күн бұрын
Sounds overpriced tbh
@sunsetgarage755Ай бұрын
Just spent a week in a new vehicle holding yard in NSW for work. It’s the size of a small suburb, and at record levels of cars because there’s so much slow moving stock. It’s very apparent that the Chinese brands are being very heavily pushed in the marketplace. In a few years time Australia will mostly be Chinese brands if the trend continues.
@miltont5173Ай бұрын
A quick check of population stats between Australia and America, 26 mill vs 341 mill approx 12.5 times more, your calc of 15,385 vs 224,242 is approx 14.5 times more…..what is so “mind blowing” about that?
@bobbyusАй бұрын
It’s perfect for the consumers. May the best cars win
@scottmumby2249Ай бұрын
I ordered a 2024 Transit Custom Sport, dual cab in van, back in February, due to arrive late November/ early December. I now feel like I should re-consider given some of the new options on the market and the deals that are currently available.
@addsfour3499Ай бұрын
Good time to be a customer in australia. Looking forward to zeekr cars arriving
@RRR_MotorsportsАй бұрын
Its going to be harder to buy a brand with a reputation, used car prices will turn to rubbish. The market will be ruined by being flooded with sub par brands.
@leedaq7767Ай бұрын
2025 will be very interesting year for EV enthusiast
@rodgal87Ай бұрын
Having lived in Shanghai the past 3 years, I can say without any hesitation that China EV cars are insanely good and affordable. I'm glad Australia won't put 100%-200% tariffs on them unlike European countries and America. The more competition in the market, the better for the consumer.
@thomasclayton169Ай бұрын
I find it mind boggling that America is set to buy 14 million new cars in 2024 alone given their population of 341 million in 2024 or the new car sales being 4.1% of their population and in Australia that is almost one new car in 26. That is a lot of demand on the earths reaources to make new cars. I already own a 2013 VF sv6 Commodore with 206,000km on the clock with zero issues. The car has been that good that at this age and mileage it still behaves like a new car and does not have all the silly nonsense autoomous driving aids with enough useful technoly such as vocie assisted dialling and sat nav and yet 11 years on everything still works great. I would argue maintaining this car as well using premium fuel with frugal sriving habits is the greener way to go.
@izzy03109627 күн бұрын
You can easily install a headunit that will give you voice assisted calling and sat nav for sub $500. Look at the Sony xav series.
@SurmaSampo26 күн бұрын
Expect your car to require a lot of parts replacements soon. You are already beyond the expected life the car was designed for. Every car I have owned has crapped itself in the 210,000km to 250,000km range.
@robertgittings866226 күн бұрын
*Your population number is wrong*
@davidlp30197 күн бұрын
@@SurmaSampo I've got a civic 2008 that's got 247,000 km on it and touch wood it's still going strong.
@CorvusHyperion20 күн бұрын
Fines for not having hybrids are typical government overregulation. Let the consumer decide what they want to drive.
@mrhypo78Ай бұрын
I am disappointed you didn’t say: ‘not once, not twice, but *thrice’ when talking about Tesla.
@reginald7214Ай бұрын
😂😆
@dimsoneill27 күн бұрын
Missed Op for sure.
@ricksanchez327826 күн бұрын
Warranties aren't worth the paper they're written on as dealerships refuse to respect their customers by honouring them
@RexNathanChan26 күн бұрын
Take it to manufacturer. ACL strong
@fatdoi003Ай бұрын
choose carefully as some brand may not be here in the next few years which throws the warranty up in the air
@Notabot1310Ай бұрын
Still waiting for the Suzuki Jimmy price to go down
@pine727Ай бұрын
JimNy
@Lukewarm390529 күн бұрын
It won't people actually want to buy Them EVs have no demand so prices are coming down
@deezeed28172 күн бұрын
The Jimny's in Japan are cheap and everywhere.
@Notabot13102 күн бұрын
@@deezeed2817 are they the standard ones we have or the the Kei version with a 660cc engine?
@DrewTrouwАй бұрын
Very interesting! Is it just EV’s And SUVs? I have been blown away at the prices of 2x4 cab chassis Utes. $32k plus!!! Wtf
@josephj652122 күн бұрын
Many companies here in Australia don’t honour safety recalls as they do in the USA and Europe. Many have faults here but aren’t covered by recalls so we pay more to repair cars we should have repaired for free. Example: Hyundai has recalled vehicles built in 2015, 2016 in the USA, Canada and Europe due to door failures where they cannot be opened from inside or out. Due to being a safety issue, they’re recalled except in Australia! Why? Too small a market and they don’t care. Do a video on these type of issues and comparisons.
@andrewmclean1239Ай бұрын
This brand per consumer figures have always interested me as a mechanic. Spare a thought for your local mechanic in Australia having to work across all these brands! Needs a lot more skill than US mechanics.
@Ongnoiputin02Ай бұрын
Just like smartphones booming 10 years ago , only few brand can survive
@WBenzSEL9 күн бұрын
People always laugh at me for dailying a 4.4 TDV8 L322 Range Rover because of the steep maintenance costs, then go buy cars that depreciate 10,000 a year.
@FanaticalRK19 күн бұрын
Being an aussie in sydney - the cars on the road have changed so much in 10 years.
@davidlp30197 күн бұрын
They really have. In 2007 most cars were from the late 90s. Commodores, camry etc. Now its all bland suvs and chinese cars :/
@stedy14219 күн бұрын
Is a tidal wave of 'race to the bottom' priced Chinese EV's really a good thing for consumers? I personally couldn't think of anything worse or more terrifying.
@laureus31Ай бұрын
If the import restrictions on 2nd hand right hand drive cars were removed they will reduce the selling price even more.
@INsanedodАй бұрын
Best car news video (so far) of 2024, enjoyed this a lot. Just got a MG ZST excite, I was going for MG HS, your review on the ZST 1.3 turbo convinced me to take a look. You were right about the 1.3 Turbo and matched gearbox in the MG ZS, its a decent ride for $30K especially with a 10 YR warranty. Keep it coming man, love your videos!
@elliotpreston6099Ай бұрын
Why does everything sound so expensive still I don’t own a car that I spent more then $5000 on
@michaelhermans4753Ай бұрын
Just keep getting reliable cheap 2nd hand cars and watch all this play out on the side lines, save you a fortune
@izzy03109627 күн бұрын
@@michaelhermans4753Yup that’s some sound advice right there.
@picketech10 күн бұрын
I wasn't aware that Australia has a car industry. What we have is a bunch of Dealers (sellers) and resellers. We have so many brands here because we have every climaate found on the planet and are used as a testbet by the foreign manufacturers.
@CorgiOnStilts_9 күн бұрын
It's pretty easy for car companies to come and go. Competition can be a good thing but if you buy the wrong manufacturer it probably (definitely) won't be. Also the government over regulating EVs basically denying freedom of consumer choice is fraught with danger as a turbo loving enthusiast. You can talk enthusiastically as much as you won't but not everyone shares the same joy as an automotive journalist.
@johnemerson5383Ай бұрын
Hey guys, can look look into seeing if the BYD Bao 5 is going to come to Australia? I think that if China really targeted the Australian market, they could easily take the lions share of sales. I think that the BYD Shark will be a big seller once people figure out what it is.
@stixstoner7170Ай бұрын
they have already figured out what it is, chinese, they’ve never made a quality product always cheap nasty disposable junk, until that changes( it won’t) they will struggle.
@thedon7530Ай бұрын
I’m no car expert, but I’m not aware of any models being released in Oz before other bigger markets. I always thought we got the dregs well after models have been on sale in the northern hemisphere for a year or two.
@userreview2806Ай бұрын
$35000 for the ZSEV is crazy. Why would anyone buy a petrol SUV with that kind of pricing?
@billsmith281Ай бұрын
Coz once you buy your fancy new EV, they are becoming almost impossible to sell on the second hand market, nobody wants the risk of a costly battery replacement.
@TheYaMeZАй бұрын
@@billsmith281 I suspect once the data comes out about how infrequently batteries do happen then people will be less hesitant. Especially since people dont know how much the battery actually costs, how long they last (especially the newer LFP batteries) and how frequently they have issues that cause a replacement (not frequently).
@smefourАй бұрын
@@billsmith281 New Batteries are getting the 20 year warranty guaranteed 80% charge (which is still usable)
@Vass122Ай бұрын
@@billsmith281 for $35k less Qld state government rebate of $6k, you will be just fine driving it off a cliff after 5 years. The petrol and service savings alone make this compelling and use car prices dont matter at that point. They will still matter for combustion though as the whole market will be dragged down the rest of the decade.
@billsmith281Ай бұрын
@@Vass122 buying a used EV without a full coverage warranty is financial suicide it's not just the battery's that wear out * people are starting to find out the hard way!
@Stretch-xd3edАй бұрын
Still not buying an EV.
@therebel53205 күн бұрын
Still not cheap enough, but it’s a good start. Car companies been ripping off their customers for too long, they feel too comfortable with it.
@11ildiko11Ай бұрын
Long warranty is a cash cow, if you not servicing the car, what is a regular milking of you, you loose warranty!
@RexNathanChan26 күн бұрын
ACL means you sn service at other mechanic
@DrDerpington21 күн бұрын
Went to buy a used car here and quickly changed my mind when I saw you could get a brand new car for 15k more. Gonna wait till start of next year and get myself something nice 😊
@MRCtouringАй бұрын
Jeep dropping $28k off the Grand Cherokee shoe the stupid markup manufacturers have, Ford could drop $20k on the Ranger and still turn a profit but as consumers we are stupid and a hell of a lot buyers just think a named brand and a high price means quality when it’s not necessarily true.
@xamasheeАй бұрын
It's a win win for public. Best part is unlike American strategy where big companies eat smaller companies and create monopoly, they can't buy of Asian car manufacturers.
@Flamindaemon8915 күн бұрын
Meanwhile i am still driving my 2000 Mitsubishi Verada Xi which is still a beautiful car to drive, dirt cheap to fix and very comfortable and practical. Zero interest in buying any new car.
@mitchparker7652Ай бұрын
Really informative
@gold308421 күн бұрын
I have an Eclipse Cross PHEV and have noticed the local dealer is discounting them about $5K.
@spiro5327Ай бұрын
Remember to review the SMART #5 upon release and see if it will actually do 0 to 100 in under 3 sec 😮😊
@robertcuthbert8095Ай бұрын
I heard about a new ev coming to market next year, the Geely E5. It’s an SUV with 2 variants, a $16,000 model with 400km range and $20,000 model with 500km range. I wonder how the rest of the car manufacturers will react to that
@MW-uh1xv21 күн бұрын
Discounting is a global issue at the moment. There is a global oversupply and stock of cars. The discounts in the UK and Europe are the same.
@arefeshghiАй бұрын
"All the brands are really, really suffering!"... Really?!! Consumers were not suffering when they were paying for these over-priced cars?!!
@thomas31621 күн бұрын
Bonfire of vanities, higher end models and EVs are attracting high discounts. However at the bottom end of the market prices are flat. Wait until we get our next interest rate raise I think you will see another round of savage discounting on sticker prices.
@actualfacts1055Ай бұрын
Hydrids and electric cars both have lithium batteries, could be a problem.
@4WDTVАй бұрын
Good video man. Do to see you striving
@nonotthaoneАй бұрын
47k atto 3 including on road cost saves you tons of money in the long run than a 47k CHR hybrid from toyota with $2 per litre petrol price. will never go back to ice cars
@cooperlane9033Ай бұрын
I think it's great for creating a competitive landscape! Any chance that the Jaecoo range is part of the 10 brands coming to Aus (soon)?
@reginald7214Ай бұрын
Hope so!
@Roland_Rohrle20 күн бұрын
Australia's Car Industry? We only sell cars here. I hardly call that Industry...
@vegometer15 күн бұрын
Helpful video! Is one on how emissions targets will impact the market possible?!?
@vincentoflynn69969 күн бұрын
"Car industry!" What industry? We don't make cars here anymore..........
@Pyjamarama1119 күн бұрын
Remember hippies, we were all going to be driving around in 500kg micro cars by now, saving the planet aNy miNuTe NoW
@johnnyonlineАй бұрын
It's not a car market anymore, it's a tech market. They're shifting and moving like phones, TVs and laptops once did. It's a fun ride, can't wait to see where it takes us.
@iwx267228 күн бұрын
But we lost Honda the most important one, we need a return to small cars
@pauldingwall960025 күн бұрын
If Australia is not putting tariffs on these imported cars shouldn’t we be getting them a bit cheaper than other countries? Especially EVs that are overpriced compared to similar combustion cars.
@christover1Ай бұрын
Agree with everything you said. I also add that Australia is also used as an OFF ROAD credible testing ground. If it does well here, it is indestructible. Suzuki used our local Suzuki 4wd Club of Victoria in past advertising.
@KBHeal21 күн бұрын
Am sure glad I sold my 4 yo ZS EV while I still got some decent money. Back in a Diesel for a while until EVs are worth the compromises I have to make ✨️👌
@joelwilliam62168 күн бұрын
Question: generally speaking this would only add to the fact that EV’s look like they would depreciate a lot faster than ICEs? Considering the federal government is allowing leases on EV’s to be 100% tax deductible, there’s almost no reason to buy one yourself is there? Seems like it minimises risk to me. Assuming you can access said leases which not everyone can.
@shezcmayoАй бұрын
I've been thinking about replacing my town car with an EV but there are so many brands about to enter the market, plus heavy discounting on existing brands that I'm now waiting to see how it all shakes out before making my move. We're about to be overwhelmed with choice and value.
@xiaoyunchen8337Ай бұрын
really envy Australian customers... there're so few EV options in USA right and they're all so expensive!!!
@gavinprowse6684Ай бұрын
Expensive here too. Thats why not many people buy them
@ann-mareelyttle493112 күн бұрын
Lets not forget all thebother countries are now putting tariffs on vars from china. Not here in Australia
@Pohm32623 күн бұрын
The EV market is circling the drain, Lithium batteries are old tech. Solid state batteries have promise without the environmental issues. With all the price reductions the secondhand market is doomed, why buy battery electric. Buy a Betamax.
@psivewri22 күн бұрын
Once my 2007 Hyundai Elantra dies I honestly have no idea what new car I would buy (if at all). The value proposition of owning a new car which will depreciate so much is a real turn off to me. Long live the cheap facebook marketplace used car deals ahaha
@samday6621Ай бұрын
For me, who wants to buy a truck or ute for work (yes, two doors, no baby seat, no carpet) this is not good news. Because ute/truck prices aren’t coming down, they’re going up. Manufacturers are adding on bling and passing on the cost. “Buy the base model” I hear you say. Well I would if it still had the towing and load carrying capacity.
@timfudy314728 күн бұрын
Great video, most people wouldn't have a clue about this.
@N4CRАй бұрын
Keep in mind, Toyota doesn't want to sell the cheap Hilux here that is based on the same chassis and same powertrain as existing Hilux. I wonder why!
@deanchurАй бұрын
The Hilux Champ? I would buy the hell out of that lol. There's basically no new, basic 2 door utes for sale so that'd fill in that gap very nicely.
@andrew39021 күн бұрын
Not falling for the "its so inexpensive so just buy it!" pressure ... I won't buy any Chinese brand cars (includes MG).
@weifengmao26 күн бұрын
Competition is good when you have low trade barriers
@youwebzАй бұрын
Why does the Govt still have the luxury car tax? 🤔
@GDM22Ай бұрын
To tax wealthy people more, no different than higher marginal tax rates, higher council and water rates for houses with higher GRV etc.
@Swolesy27 күн бұрын
@@GDM22I completely understand the logic it just sucks as a performance car enthusiast.
@user-ky8ly3dv3x21 күн бұрын
Government slush fund
@ChrisHolden-rv2fhАй бұрын
Notice all the cars with a price reduction are the ones that go wrong most.
@perdanaadinugroho3080Ай бұрын
hey, this happens in Indonesia too, some car brands reduce its selling price couple times.. its insane
@omanhaddadtbh26 күн бұрын
Yet the second hand car market, traditionally the go to for cheaper cars especially for new car buyers, is at ridiculous levels for pricing these days.
@izzy03109627 күн бұрын
I’ll never, ever, buy a Chinese car. I don’t think I’ll ever buy a car newer than 2010 if I’m being honest. I hate new cars.
@SurmaSampo26 күн бұрын
10 year warranties just match tye consumer law regarding reasonable durability of 150,000km or 10 years. It also matches the regulatory requirement for local parta supplies for new vehicles for 10 years.