Australia's Car Industry IS PURE CHAOS Right Now...

Have you heard about Australia's NEW Car Market? It's going INSANE right now, with more drama than an episode of the Kardashians...
With 10 new brands entering the Australian car market (mostly from China), car companies like MG, BYD, and Tesla cutting their car prices, and unprecedented 10-year new car warranties, the Australian New Car Market is looking crazier than ever.
So why is the Australian market PURE CHAOS right now? Why is Australia the testing bed for all car brands in the world? Let's get into that in today's video!
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[@Martian74]

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?

[@daweigo6851]

😅😅

[@kevinwong3722]

Government want to tax everything they can get their hand on

[@timqin4889]

For real ? 😂

[@RoflMaiWaffel]

Tax revenue

[@akaYOOOOO]

I think you mean the pensions of politicians...

[@DYTM23]

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.

[@davidlloyd1526]

To be fair, you know whatever you buy this year, you can buy next year for 10% less...

[@randombully3798]

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.

[@davidbrayshaw3529]

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.

[@anrit5972]

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.

[@RaindancerAU]

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.

[@kurjan1]

As someone who has lived in Europe, the Middle East and China... car prices in Australia are still far too high!

[@whophd]

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

[@sexatica]

Go to Singapore 😂

[@perfectdiversion]

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

[@glswenson]

​@@perfectdiversionAs an American living in Australia New cars here feel a lot cheaper to me than they did back home.

[@newbris]

BYD at least are far far cheaper in Australia than the UK so things are changing.

[@pixelpotato4874]

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 😂

[@coopsnz1]

austarlia has high taxes why cars expensive a $400000 car tax all up $180000

[@coopsnz1]

you vote for socialism why cars expensive in australia

[@mountainjews]

@@coopsnz1how the fuck Is Australia socialist in any way 💀💀

[@newbris]

@@coopsnz1 ok cooker

[@newbris]

We are top 5 in median net wealth.

[@kdegraa]

The main reason so many brands sell cars in in Australia is they make plenty of money in Australia with high margins.

[@remix-yy1hs]

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

[@000T00b]

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.

[@davidbrayshaw3529]

Well, they're not very good at screwing, then. They're all in masses of debt and paying pennies on the dollar in dividends.

[@Sal3600]

fk them all. I just bought a tesla.

[@BrunoHeggli-zp3nl]

You arent screwed at all!You all have it way to good but always complaining!

[@ApexAL]

​@@BrunoHeggli-zp3nl nonsense.. I don't know what you're angle is! Car dealer perhaps

[@DTOYWRLD]

​@@davidbrayshaw3529overpaid employees

[@hadtobe4502]

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.

[@GDM22]

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.

[@jirhoud]

@@GDM22howard introduced it to “boost” manufacturing in australia. then the conservative government shut down manufacturing and both governments kept the tax.

[@GDM22]

@@jirhoud Sure, but government view is, if you can afford an $80k car then you can pay some additional tax.

[@thekrazyasian]

The LCT are for cars above 70k, these dirt cheap chinese cars aren't affected by it

[@miraphycs7377]

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.

[@Coopsoldman]

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).

[@unclepete100]

Mazdas selling like hot cakes in Oz, why? Made in Japan, value for money, great vehicles.

[@godfreypoon5148]

@@unclepete100 Yeah. they tend to be good vehicles. Not much to figure out there.

[@SigFigNewton]

“Zoom zoom” really struck a chord with aussies?

[@vangpham2514]

without the Chinese brands, do you think those EU and US brands would lower their prices? so keep on bashing anti china craps

[@rodgal87]

so true

[@Deandzzzzzz]

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??

[@izzy031096]

@@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…

[@TinOfMilo]

I mean I love my stuff from China, but Haval are massive turds. Like LDV is still better then them.

[@Deandzzzzzz]

@@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.

[@TheStagswag]

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...

[@robotnoir5299]

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.

[@TheStagswag]

@robotnoir5299 if you want to buy a large sedan your choices are few are far between and it's 60k+

[@RogerSutton-ik9fj]

The young largely can't afford new cars so guess what families and oldies who can want?

[@aarons6935]

I love my suv, granted i love it because it's nice to lay down the seats and starfish when i want a nap.

[@vernonwhite4660]

Manufactures in Thailand are dropping prices as fast as they can go.😊

[@skaboosh]

I've never seen an episode of the kardashians and never will

[@douglachman7330]

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.

[@klausschroiff4405]

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.

[@tren133]

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.

[@izzy031096]

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.

[@Pantimoto]

Coz there's a demand especially the tax loops if you buy 1.

[@tren133]

@@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.

[@newbris]

@@izzy031096 2010 wants its opinion back ha ha

[@firstprib7742]

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.

[@axiomic]

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..

[@firstprib7742]

Fair but thats why i timestamped it at 1 minute. At the start he was speaking about volume, and that shouldnt surprise anyone.

[@axiomic]

@@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.

[@firstprib7742]

​@@axiomic ah yes you are right.

[@SigFigNewton]

🤯

[@Bobby_Jane]

Love the market update! Please keep them coming.

[@vladimiryezhov3521]

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-ik9fj]

First car and wants a RAV4 or Kluger and gets mugged by reality. LOL

[@vladimiryezhov3521]

@@RogerSutton-ik9fj and in reality I got a X1 Xdrive instead lol

[@MrTripsJ]

Toyota dealers are terrible but I wouldn’t say the brand itself is

[@izzy031096]

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.

[@izzy031096]

@@vladimiryezhov3521Please, you didn’t get a BMW of all things? Arguably the most unreliable and costly brand of all time..

[@MW-uk6cf]

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.

[@wheresmycheese8511]

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

[@jetnavigator]

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...

[@michaelhermans4753]

Watch the price of spare parts rocket up when profits on new cars erode

[@whophd]

@@michaelhermans4753The prices of spare parts will always be as high as they can sell them, big profits or low profits

[@SurmaSampo]

The car retailer is required by law to provide a statutory warranty of 10 years under consumer law.

[@kitatit]

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_mac1]

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

[@kitatit]

@@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.

[@mickzed6393]

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.

[@-PORK-CHOP-]

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 !!!

[@wiiagzia9450]

he is talking about the price before on-road cost, so not the drive away price

[@-PORK-CHOP-]

@@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.

[@LJT1981]

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.

[@Mel_Gerrard]

The US is a closed market, that doesn't permit fair competition.

[@randombully3798]

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.

[@max33kick]

Car sales vs car brand comparing is not convincing

[@Gengargamer2_]

@@randombully3798All you have to do is look back about 10 years ago to see what it was like. And it sort of was

[@robotnoir5299]

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_Gerrard]

@@robotnoir5299 That's what you get being a US puppet state.

[@stevematthes4325]

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.

[@MrTripsJ]

doooooooode.

[@foxtrot762]

Did you put his sausage in your mouth too

[@deanchur]

So sad you both had to break up after he moved to Dingo Piss Creek.

[@stevematthes4325]

@@foxtrot762 Please be more kind foxtrot. John has had many wives and just wanted to try something new.

[@shanea9613]

​@@stevematthes4325that's a beautiful story. I think you could sell it as a song to Taylor Swift and pocket millions.

[@lllordllloyd]

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.

[@tanssi2145]

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

[@teinspringz]

thankful for everyone who has held out on splurging on a new car, and waiting for a decent model and deal. ❤

[@elmohead]

I bought BYD atto 3 for $40k when it was first announced during COVID. Nobody here knew how good they are.

[@SigFigNewton]

Interest rates will be lower in a year, should help the auto market

[@sunsetgarage755]

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.

[@philiparmbruster2396]

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.

[@bobbyus]

It’s perfect for the consumers. May the best cars win

[@loydclaridades8953]

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.

[@RexNathanChan]

Sounds overpriced tbh

[@miltont5173]

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?

[@scottmumby2249]

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.

[@rodgal87]

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.

[@RRR_Motorsports]

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.

[@stedy142]

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.

[@thomasclayton169]

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.

[@izzy031096]

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.

[@SurmaSampo]

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.

[@robertgittings8662]

*Your population number is wrong*

[@davidlp3019]

​@@SurmaSampo I've got a civic 2008 that's got 247,000 km on it and touch wood it's still going strong.

[@addsfour3499]

Good time to be a customer in australia. Looking forward to zeekr cars arriving

[@INsanedod]

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!

[@CorvusHyperion]

Fines for not having hybrids are typical government overregulation. Let the consumer decide what they want to drive.

[@leedaq7767]

2025 will be very interesting year for EV enthusiast

[@DrewTrouw]

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

[@josephj6521]

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.

[@mrhypo78]

I am disappointed you didn’t say: ‘not once, not twice, but *thrice’ when talking about Tesla.

[@onetwothreefour-s1n]

😂😆

[@dimsoneill]

Missed Op for sure.

[@andrewmclean1239]

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.

[@ricksanchez3278]

Warranties aren't worth the paper they're written on as dealerships refuse to respect their customers by honouring them

[@RexNathanChan]

Take it to manufacturer. ACL strong

[@WBenzSEL]

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.

[@Ongnoiputin02]

Just like smartphones booming 10 years ago , only few brand can survive

[@fatdoi003]

choose carefully as some brand may not be here in the next few years which throws the warranty up in the air

[@laureus31]

If the import restrictions on 2nd hand right hand drive cars were removed they will reduce the selling price even more.

[@Notabot1310]

Still waiting for the Suzuki Jimmy price to go down

[@pine727]

JimNy

[@Lukewarm39052]

It won't people actually want to buy Them EVs have no demand so prices are coming down

[@deezeed2817]

The Jimny's in Japan are cheap and everywhere.

[@Notabot1310]

@@deezeed2817 are they the standard ones we have or the the Kei version with a 660cc engine?

[@elliotpreston6099]

Why does everything sound so expensive still I don’t own a car that I spent more then $5000 on

[@michaelhermans4753]

Just keep getting reliable cheap 2nd hand cars and watch all this play out on the side lines, save you a fortune

[@izzy031096]

@@michaelhermans4753Yup that’s some sound advice right there.

[@izzy031096]

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.

[@riprider2]

One of the best, randomly played videos I’ve watched in a while - self-proclaimed economist here. What’s your opinion of how this will impact the used car market?

[@Stretch-xd3ed]

Still not buying an EV.

[@11ildiko11]

Long warranty is a cash cow, if you not servicing the car, what is a regular milking of you, you loose warranty!

[@RexNathanChan]

ACL means you sn service at other mechanic

[@CorgiOnStilts_]

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.

[@MRCtouring]

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.

[@arefeshghi]

"All the brands are really, really suffering!"... Really?!! Consumers were not suffering when they were paying for these over-priced cars?!!

[@666perlakig]

Australia is winning, moment of thruth, perfect zero tariff testing ground for Chinese, American, European brands. Capitalist survival of the fittest at best ! Lucky country got even luckier !

[@jacka1472]

??? All of these Chinese cars are directly subsidised or even out right owned by the CCP, some production vehicles are getting Upto $19k USD each. That's not free market, but your right it is good for the average consumer who doesn't service their cars.

[@AledinJecka]

The government needs to restrict the amount of brands allowed to operate in Australia. It is becoming unsustainable for existing brands to stay afloat. Before you know it we will have only the Chinese brands left

[@jacka1472]

That's the plan

[@johnemerson5383]

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.

[@stixstoner7170]

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.

[@xamashee]

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.

[@userreview2806]

$35000 for the ZSEV is crazy. Why would anyone buy a petrol SUV with that kind of pricing?

[@billsmith281]

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.

[@TheYaMeZ]

@@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).

[@smefour]

@@billsmith281 New Batteries are getting the 20 year warranty guaranteed 80% charge (which is still usable)

[@Vass122]

@@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.

[@billsmith281]

@@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!

[@mitchparker7652]

Really informative

[@vegometer]

Helpful video! Is one on how emissions targets will impact the market possible?!?

[@picketech]

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.

[@FanaticalRK]

Being an aussie in sydney - the cars on the road have changed so much in 10 years.

[@davidlp3019]

They really have. In 2007 most cars were from the late 90s. Commodores, camry etc. Now its all bland suvs and chinese cars :/

[@cooperlane9033]

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)?

[@onetwothreefour-s1n]

Hope so!

[@therebel5320]

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.

[@gold3084]

I have an Eclipse Cross PHEV and have noticed the local dealer is discounting them about $5K.

[@thedon7530]

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.

[@DrDerpington]

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 😊

[@robertcuthbert8095]

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

[@Flamindaemon89]

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.

[@actualfacts1055]

Hydrids and electric cars both have lithium batteries, could be a problem.

[@johnnyonline]

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.

[@vincentoflynn6996]

"Car industry!" What industry? We don't make cars here anymore..........

[@joelwilliam6216]

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.

[@spiro5327]

Remember to review the SMART #5 upon release and see if it will actually do 0 to 100 in under 3 sec 😮😊

[@thomas316]

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.

[@andrew390]

Not falling for the "its so inexpensive so just buy it!" pressure ... I won't buy any Chinese brand cars (includes MG).

[@nonotthaone]

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

[@MW-uh1xv]

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.

[@Pyjamarama11]

Remember hippies, we were all going to be driving around in 500kg micro cars by now, saving the planet aNy miNuTe NoW

[@iwx2672]

But we lost Honda the most important one, we need a return to small cars

[@samday6621]

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.

[@dann5515]

Guinee pig? Not really mate... we always get the car before everyone else at least a year or two later. We never get the first landing model vehicle on road market before anyone else.

[@htht7831]

The reason is Australia has no car industries, so there is absolutely no reason to put tariffs on Chinese brands. Brands do want to get into the US or Canada or Europe, but the US tariffs is 100% on Chinese cars, European one whatever it is (it has been changing) is actually not that bad.

[@scotnoco]

Confused about beginning video would those numbers mostly reflect just the 13x times amount of habitant in US vs Au? Same with car sold which would equate to 14x

[@timfudy3147]

Great video, most people wouldn't have a clue about this.

[@ChrisHolden-rv2fh]

Notice all the cars with a price reduction are the ones that go wrong most.

[@shezcmayo]

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.

[@faar2faar]

Unless they release new cars under $10k. Like around 30% of Australians, I will never own a new car. When I was a teenager delivering bread before schooling the 90s, I could afford a brand new car...

[@4WDTV]

Good video man. Do to see you striving

[@N4CR]

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!

[@deanchur]

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.

[@davidnorton7464]

Toyota Truck in Asia is $20,000. Wish it was sold in Australia but we're forced to pay $50,000+ for a hilux

[@rohankilby4499]

Great quick update thanks mate, yup the Chinese are coming and their cars are very good and cheap, it’s going to be an interesting next couple of years in the Australian market for sure ultimately the winner will be the consumer 😁👍

[@christover1]

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.

[@harlandgiles8612]

In a perfect world, car companies would work together forget the holy dollar and do what's right for the planet

[@whophd]

ummmmm no. Let’s just focus on: - companies following the law - laws that set standards we need - avoiding laws dictated by companies - not subsidising companies for “welfare”

[@josephthmas2070]

Cars cost a fortune in Australia. You want to buy a Ute better have minimum $60k to buy a decent one in Australia.

[@reggie178965]

This is not correct, Australia is not a testing ground. It is just a dumping ground for cars that don’t sell, which is exactly why we see so many competitors because of our low emission standards. As for ev well that’s because of our no tariffs (us imposes 100% traiffs on Chinese made ev cars) and free trade agreements with countries. We are way behind in terms of models from America and Europe. We don’t get American cars because of left hand drive. And European cars are not coming over here.