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Market Scan – Issue 04 | September 2023

VFACTS – AUGUST 2023

Another record month for new car sales has been welcomed by Fleet Managers as deliveries roll into their car parks to replace their ageing fleets. With order pipelines for novated lease and fleet cars
continuing to build, the highest August result on record should make a dent.

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NSW AXING ELECTRIC CAR SUBSIDIES, BUT POURING MORE MONEY INTO CHARGING

New South Wales is following Victoria in axing its electric vehicle subsidy program, but will pour more money into rolling out chargers.

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HOW DO HYBRID CARS WORK?

A hybrid car works by utilising both a petrol-powered internal-combustion engine (ICE) and an electric motor that is powered by a battery.

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KIA RECALLS 145,000 SORENTO SUVS FOR REARVIEW CAMERA ISSUE

The 2022-2023 Kia Sorento three-row crossover SUV is being recalled for a rearview camera projection that can fail to display.

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THE ADVANTAGES OF TELEMATICS FOR FLEET MANAGERS

In today’s world, where efficiency, sustainability, and safety are paramount, Fleet Managers are turning to advanced technology to stay ahead. One of the most transformative tools in a Fleet Manager’s arsenal is vehicle telematics. This technology, which merges telecommunications with informatics, provides detailed, real-time information about each vehicle in a fleet.

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THE TOYOTA COROLLA-BASED UTE ISN’T A NEW PROJECT, PROTOTYPE REVEALS – REPORT

A Corolla-based ute prototype has been caught on video in South Africa, forcing Toyota to confirm the idea has been “under study” for years.

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HOW CHINA LEADS THE WORLD IN COMMERCIAL-VEHICLE EXPORTS

For China, the pandemic-induced global slump in commercial-vehicle manufacturing and exports was an opportunity not to be missed. With the domestic automotive industry rebounding quickly thanks to government incentives, Chinese manufacturers filled the gap.

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HOW THE NEW CHANGE ON THE FBT TAX IS IMPACTING THE END USERS

In some workplaces it is common practice to provide employees a company car as a tool of trade, as part of their compensation, or to give the possibility to finance a novated lease. However, as workplaces and companies move their fleets to a greener alternative, an unintended consequence of this can be the increased employee’s tax liability.

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JAMA ANNOUNCES LAUNCH OF TICKET SALES FOR JAPAN MOBILITY SHOW 2023

The Japan Automobile Manufacturers Association, Inc. is pleased to announce the start of ticket sales for admission to Japan Mobility Show 2023, to be held at Tokyo Big Sight, in the Ariake district of Koto-ku, Tokyo, from October 26 through November 5, 2023.

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2024 VOLKSWAGEN T7 MULTIVAN CONFIRMED FOR AUSTRALIA

Volkswagen Kombi fans will have a choice of two modern-day, retro-inspired models – with electric or diesel power – due in local showrooms this time next year.

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ANCAP 2023-2025 TEST STRUCTURE DETAILED

We take a look at the changes to ANCAP safety testing and what it takes to earn a five-star result

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LATEST SOLAR-POWERED HYBRID SCANIA TRUCK

A unique hybrid truck with a solar panel covered trailer is being tested on public roads, as a result of a two-year research collaboration involving Scania, Uppsala University, Eksjö Maskin & Truck, Midsummer, Ernsts Express, and Dalakraft. The solar energy decreases operational costs and local emissions significantly because of the truck’s self-produced energy.

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NUMBER OF EVS FINANCED IN SIX-MONTH PERIOD TRIPLES

A Groundbreaking Shift in Australia’s Automotive Landscape

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VFACTS: TESLA COULD NUDGE 50,000 DELIVERIES IN AUSTRALIA THIS YEAR

Tesla is on target to near the 50,000 annual deliveries mark by the end of this year, according to industry sales data so far in 2023.

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SKILLS SHORTAGE IMPACTS HALF OF ALL AUSSIE WORKSHOPS

AAAA says 40,000 staff required to fill vacancies, industry says
quality of staff an issue

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POPULAR FORD RANGER AND EVEREST VEHICLES RECALLED OVER SOFTWARE ISSUE

Owners of a popular new vehicle have been warned a software risk could be putting them at risk

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US UNION SIMULTANEOUSLY CLOSES FORD, CHEVROLET AND JEEP PLANTS

One plant each from the three “domestic” US automakers have been hit with strike action as negotiations with their union have broken down.

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HERE’S WHEN WE’LL SEE TOYOTA SOLID-STATE BATTERIES

The Japanese automaker has plan for several EV families, and
each will get its own battery type.

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ELECTRIC V PETROL: HOW MUCH DOES IT COST TO CHARGE VS FUEL A CAR?

What are the running costs of an electric vehicle when compared to the internal combustion engined cars we’ve known for so long?

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SALARY PACKAGING DRIVES DEMAND FOR EVS

If the monthly VFACTS results weren’t enough to convince manufacturers that the fleet market is an important segment (48% of all new vehicles July YTD), than the investor presentations of the listed Fleet Leasing Companies should catch their attention if they are planning to launch electric models.

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