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Market Scan – Issue 09 | February 2024

VFACTS JANUARY 2024: YET ANOTHER RECORD MONTH FOR NEW-CAR SALES

Sales of new cars broke records once again last month – with the Ford Ranger on top ahead of the Toyota HiLux – but the long-forecast slowdown may be around the corner.

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‘HAS TO SURVIVE’: MITSUBISHI CEO WARNS PRICES MAY HAVE TO RISE UNDER NEW EMISSIONS STANDARDS

The boss of one of Australia’s leading car brands has weighed in on the Albanese government’s proposed new emissions standards.

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SIZE MATTERS: TWO NEW HYUNDAI UTES COMING, BUT NEITHER WILL BE THE SAME SIZE AS A TOYOTA HILUX OR FORD RANGER

Hyundai appears set to double-down on its ute ambitions in Australia, with the Korean brand reportedly readying to launch not one, but two, new utes in our market. But neither will be going head-to-head with the Toyota HiLux or Ford Ranger, according to new reports.

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2024 CHERY OMODA E5: BYD ATTO 3, MG ZS EV RIVAL DUE MID-YEAR

All-electric version of Chery Omoda 5 small SUV due in Australia in mid-2024

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TASMANIAN ELECTRIC BUS TRIAL PUT ON HOLD DUE TO TECHNICAL ISSUES

Less than a month after the trial of four new electric buses began in Launceston, state-owned public transport operator Metro Tasmania has confirmed that “teething issues” have put the trial on hold.

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2024 LDV DELIVER 7 ELECTRIC VAN REVIEW: AUSTRALIAN FIRST DRIVE

The choice for electric vans is limited in Australia, but can China’s LDV entice workers away from the usual brands?

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OMNI TANKER CREATES WORLD-FIRST TRIPLE ROAD TRAIN TANKER

Australian manufactured composite road tanker boosts payload capacity by 15 per cent.

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EV CHARGING STATIONS – WHAT ARE THE RISKS AND INSURANCE IMPLICATIONS?

Tips offered to property owners and landlords

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MAJOR AUSTRALIAN TYRE RETAILER ON BRINK OF COLLAPSE – REPORT

A decision by a US tyre giant to increase profits has put hundreds of Australian jobs on the firing line, with the future of Beaurepaires unclear.

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EV SALES SURGE AGAIN IN RECORD JANUARY

Strong new car sales continued over the summer but cost of living pressures may put a dent in the sales, particularly the uptake of EVs.

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MYCAR AND SIXT SIGN DEAL FOR EV SERVICING

SIXT is pleased to announce it has recently partnered with mycar Tyre & Auto to provide vehicle servicing for its fleet, including a growing number of electric vehicles (EVs).

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SECOND-HAND MARKET PRICES EASE AS MOST POPULAR CARS REVEALED

Used car prices have dropped significantly after the second-hand market saw record-breaking demand during the COVID-19 pandemic.

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NEW LAW SET TO CRACKDOWN ON UNSCRUPULOUS AUTOMOTIVE TRAINING ORGANISATIONS

The Australian Automotive Aftermarket Association (AAAA) has welcomed a new Federal government initiative to crack down on unscrupulous and non-genuine training providers.

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WAIT TIMES FOR CAR REPAIRS GROWING AMID MECHANIC SKILLS CRISIS, LACK OF APPRENTICES

There are 100 cars in various states of repair at the back of Dave Roger’s workshop, as is usually the case.

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ANCAP CONUNDRUM FOR HYUNDAI I30 SEDAN

Hyundai rolls dice by not submitting i30 sedan to ANCAP as fleet-friendly hybrid lobs.

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NHVR LAUNCHES OPERATION TO BOOST HEAVY VEHICLE SAFETY IN THE CONSTRUCTION INDUSTRY

The National Heavy Vehicle Regulator (NHVR) is set to launch an on-road targeted operation, focused on mechanical safety and compliance with mass, dimension and loading requirements of heavy vehicles operating in support of the construction sector.

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BEATING THE BEST: KIA PROMISED BIG THINGS FROM THE TASMAN UTE

It’s going to be Australia’s best-selling ute versus Kia’s all-new upstart, with new pictures of the Tasman testing against the Ford Ranger Raptor proving the Korean brand’s big promises are coming true.

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