Why are there no new cars in Australia?
The Briefing31 Tammi 2022

Why are there no new cars in Australia?

There’s a major crisis in the Australian automotive industry. There are basically no new cars. It’s partly to do with the global semiconductor shortage, and partly to do with people having extra cash in the pandemic, splurging on a new vehicle.

James Voortman is CEO of the Australian Automotive Dealer Association. He says the car is the second-biggest purchase for most families - after their home.

Some experts say it will be a year - or more - before we get back to normal. Others say it the market may never return to ‘normal’. So what’s with the new car shortage?

Today's Headlines

  • Boris Johnson fighting for his job following Sue Gray report

  • $200M for aged care to be announced

  • Brisbane school calls for children to denounce homosexuality
  • Joe Rogan addresses Spotify controversy

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