Australian dealers will struggle for supply of new cars for the next few months according to a report from Datium Insights.
It says new car sales in large international markets are still low, which directly affects production for export markets.
Government figures show the following changes in car export volume from the large car manufacturing nations:
- South Korea is down 27% so far through June 2020 compared to 2019
- Japan is down 33% so far through July 2020 compared to 2019
- The United Kingdom is down 39% so far through June 2020 compared to 2019
- Germany is down 31% so far through June 2020 compared to 2019
- The United States is down 45% so far through June 2020 compared to 2019
The latest ABS figures show that car imports rebounded in July 2020, recording a figure of $2.43 billion, but represents a decline of $0.8 billion compared to July 2019
The cumulative total for 2020 shows imports are now down $5.4 billion compared to 2019.
Sales of imported vehicles continue to increase from China (+4,481 YoY) while European manufacturers are seemingly redistributing their production across the continent according to Datium Insights.
