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March 2020 New Car Sales Review - Part 1

Amid what was always expected to be a tough month for new car sales, the industry was hit by an abrupt slow-down, however, there were a couple of positive notes that emanated from the results. With the Coronavirus effectively changing our day to day lives, forcing more and more Australians to take...

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How Dealer Leads Are Shifting amid the Coronavirus

As tough times mount for the wider community, with many concerned about their physical and financial health, here at PriceMyCar we are observing a drastic slowdown among the number of prospective buyers interested in new cars, considered dealer leads. Although a reduction in buying interest is to be...

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Should I Buy the Latest Release Car or Last Year’s Model?

The end of the calendar year often throws out a lot of new car bargains, with the allure of discounts often leading to a spike in sales. After all, dealers don’t want to be left holding stock for a model that is no longer badged with the current year, or may even be superseded. However, as dea...

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Honda Set to Move to Fixed Pricing

After much speculation, Honda has finally confirmed its plans for the Australian market for the foreseeable future. While some industry experts predicted that the Japanese brand might wind up its local operations, just as Holden has recently done, the company has instead ‘committed’ to r...

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February 2020 New Car Sales Review - Part 2

In our first piece covering February’s new car sales, we looked into overall sales across the industry as well as a breakdown by vehicle segment. This time around we’ll focus on how different makes and models fared last month.   New car sales by brand Defying the broader market s...

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February 2020 New Car Sales Review - Part 1

The new car industry has already been battling a series of headwinds, both of local and international nature, however, the latter part of February introduced a new macro risk to not only Australia, but the wider world. The Coronavirus pandemic has escalated into an unprecedented health crisis, and...

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How Car Dealers Will be Feeling the Economic Brunt of the Coronavirus

As if the new car industry wasn’t already facing a tough time, with sales slumping year-on-year for each of the last 24 months, a new challenge is now confronting the industry. While the car industry is not alone in its struggles, it is in no sense an understatement to say that our day-to-day...

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What Impact Might the Declining Australian Dollar Have on Car Prices?

Amid all the latest headlines focusing on the Coronavirus, financial markets have been roiled. This includes sharp currency movements that have seen the Australian dollar plunge to a near eighteen-year low. Although this trend has been playing out for a longer period across the last 24 months or so...

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January 2020 New Car Sales Review - Part 2

In our first piece covering January’s new car sales, we looked into overall sales across the industry as well as a breakdown by vehicle segment. This time around we’ll focus on how different makes and models fared last month. New car sales by brand The story of the new car market has...

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January 2020 New Car Sales Review - Part 1

After a dour 2019, the new car industry entered the year with no signs of any momentum. That was only compounded by a series of further headwinds, both locally and internationally, which quelled any chance that the market might recover. The Chief Executive of the Federal Chamber of Automotive Indus...

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