Luxury Car Slump Cuts A Slice Out Of Tax Take

ANOTHER weak month of luxury-car sales has left the Federal Government's revenue projections for the increased luxury-car tax well behind target as new-vehicle registrations continued to fall in September. Higher interest rates and the economic slowdown have undermined consumer confidence in the past three months and led to lower sales in most market segments, according to the latest registration figures.

Pensioner Car Rego Review Revealed

THE State Government is conducting a secret review of its pensioner exemptions for car registration fees even though the Minister for Roads, Eric Roozendaal, ruled out any changes before the state election last year.

Nsw Car Theft Rate Goes Down

CAR theft in NSW has dropped but the state remains the country's capital for stolen motor vehicles, new figures reveal.

Move To Register Vehicles In Nsw

HUNTER companies will be targeted under a State Government push to crackdown on interstate car registrations.

Car Sales Booming - At The Top End

Luxury vehicle sales are defying a slowing car market.

Sales In New Cars Hit Record High

THERE were more new cars sold last month than ever before, with new vehicle registrations surging 55.2% as buyers made the most of price falls under the GST. The rise, the biggest monthly increase on record, was driven by a 77.2% leap in passenger car registrations, with a record 68,570 new cars

Luxury Car Sales Are In Dot-com Heaven

While the old economy is slowing down faster than a BMW M3 with a blowout, and the new-economy companies are slamming into the reality wall, some consumers appear to be immune from it all. The luxury-car market is accelerating fast, apparently fuelled by dot-com windfalls. Car registrations have

Pre-gst Car Sales Hit Skids

New vehicle registrations fell close to a three-year low in April as buyers held off for expected cheaper prices under the GST. The fall, coupled with weak business investment figures yesterday, weakens the case for another interest rate hike in the short term. The Australian Bureau of Stati

Baby Boomers Have Car Showroom Sales Staff Jumping For Joy

Baby boomers are Australia's most conspicuous buyers of new cars and will continue their spending splurge into 1999 at a rate almost twice that of younger motorists. Research released yesterday by ACNielsen puts 45- to 49-year-olds at the head of the new car queue with sufficient buying power,

How We All Profit From A Korean Car Crash

The new car market is booming in Australia - thanks, paradoxically, to the crisis in Asia. THE next time you're tempted by the thought that the economy's going to hell in a handcart, remember to exclude cars. The new car market is one part of the economy that's experiencing a remarkable boom. An

States Consider $23b Tax Swap

CANBERRA State governments could seek one in every three income-tax dollars in return for abolishing some of the most unpopular taxes on bank accounts, car registrations and home loans. Premiers were meeting early today to finalise a proposal to put to the Prime Minister, Mr John Howard. The f

New Car Figures Accelerate By 25%

New car registrations rose more than 25 per cent in September compared with the same month last year as Toyota grabbed market leadership. The 64,011 tally was up more than 13,000 over September 1996, lifting new vehicle registrations for the first three quarters of the year by 8.4 per cent. Fi

Toyota Tools Up For A Foray Into The Big-car Market

Having failed to quell Australia's hunger for larger cars, Toyota is planning to build a big Australian-made car to take on the Falcon and Commodore. A decision to make an affordable V6-powered family and fleet car in Melbourne is imminent, claim well-placed component suppliers. Activity on t

Retailing Slump May Prompt Rates Cut

Canberra. Speculation about a fifth interest rate cut was ignited yesterday after new figures showed retail sales and car registrations slumped sharply in April. In the latest sign that the economy remains stalled, the Bureau of Statistics reported that retail turnover fell by 1.7 per cent la

Rise In Car Regos Breaks Trend

New car registrations have jumped in 1997, according to the Australian Bureau of Statistics, marking an end to a seven-month trend decline in the crucial consumer confidence indicator. Car registrations, released yesterday, rose 2.9 per cent in January, seasonally adjusted, for an annual increase

Car Sales Reverse But Job Ads Inch Forward

Mixed signals on the strength of the economy continue to emerge, with consumer spending remaining in the doldrums but a rise in job vacancies providing some hope for job seekers. The weakness of consumer spending was reflected in a poor December car registration figure. Bureau of Statistics data

Fine Defaulters' Assets To Be Seized

Going to jail was too easy on fine defaulters, who now would have their assets seized, their driving licences and car registrations cancelled and their wages garnisheed, the State Government announced yesterday. With 400,000 outstanding fines worth a total of $300 million in NSW and 3,400 defaul

Surge In New Car Sales Sees Nsw Out In Front

Car sales surged unexpectedly in June with motor vehicle registrations reaching their highest level in more than a decade. Bureau of Statistics figures released yesterday showed 61,500 cars were registered in June, 19 per cent seasonally adjusted - the highest monthly jump since August 1993. T

This Week Ahead

NEW figures on inflation, home lending and new car registrations for the December quarter are due. Inflation will be keenly watched - a figure much higher than 5.2 per cent will unsettle markets. Home lending is tipped to fall by 4pc after last month's 6pc leap. The US offers production and capac

Nrma Calls For Greener Motoring

THE NRMA has called on members for "greener motoring" by the wise use of cars - and less use when viable public transport or ride-sharing is available. Growth in annual car travel in Sydney had increased to 3 per cent per annum, almost twice the growth of new car registrations. The N