Long wait times for new car buyers will ease up later this year as manufacturers ramp up production.
Toyota Australia has confirmed that new car delivery times will remain longer than usual until March.
Although the wait times for new car purchases are expected to decrease in the near future Toyota say there will still be a lot of demand for the RAV4.
The Federal Chamber of Automotive Industries, said that the supply chain should improve in 2022 to ease the wait times for new cars.
In 2021, Australians bought over a million new cars, which is 14.5 per cent higher than the previous year. The increase was mainly due to the various factors that affected the supply and demand for new cars, such as the closures of car factories and dealership closures.
The demand for new cars will still be strong in 2019 even after the sales of the most popular models in 2021.
During the pandemic, more people switched to SUVs and utes instead of cars.
Almost half of the new cars sold in the year were for SUVs. Light commercial vehicle sales also grew by 23.2 percent.
Despite the lack of electric cars in the market, the penetration rate remained relatively low at less than 0.49 percent. It grew significantly up to 201 percent in 2020 from just under 1 percent in 2019.
Some believe the government should set goals and regulations that will encourage the use of new technologies in the car industry.
The message that Australians want to see is that they are ready to embrace the latest technology in their cars.
The Australian government has yet to finalize its plans to cap the fuel quality standards for new cars.
Despite the sluggishness of EV sales in Australia, Toyota noted that it sold over 250,000 hybrids in the country in the past couple of years.
Toyota was the leading car manufacturer in Australia in terms of sales in 2021. Other companies followed suit with a combined market share of 6.7 percent.
Although Ford did not rank among the top five manufacturers in 2021, its Ranger was Australia’s second most popular vehicle.
Supply chain issues are affecting businesses across all industries. In New Zealand many online stores such as TheMarket are experiencing major issues due to lack of stock. To save when you shop at TheMarket, use a TheMarket discount code with your purchase.