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Administrator

1,334 articles

Automotive aftermarket – robust and growing

The 2013 industry survey report completed last month by the Australian Automotive Aftermarket Association (AAAA) revealed an optimistic $34 billion industry, with 76% of respondents expecting their businesses to grow.AAAA executive director Stuart Charity says the upbeat survey response reflected the continued growth of the automotive aftermarket sector."All available information indicated aftermarket sector growth averaging 3.5% per annum over the last two years.

Automotive industry unites against ‘autocratic policy on the run’

The Australian Motor Industry Federation (AMIF) and Australian Automobile Dealers Association (AADA) were two of more than 30 organisations that today welcomed the coalition’s decision to oppose the Rudd government’s unilateral change to the fringe benefits tax (FBT) arrangements on salary-packaged and employer-provided cars.AMIF, the national voice of 100,000 retail, service, repair and recycling automotive businesses, and AADA the national body of 4600 motor dealers; were among representatives from all parts of the automotive, salary packaging, finance, consulting, legal and tax industries who gave further evidence of the impact of the FBT changes to a specially convened meeting by the Federal Coalition in Melbourne this morning.

Audi S3 Sportback on way

Audi’s new S3 Sportback is due for market introduction in December 2013, with a 'list price' of $59,900.Powered by a new 2.0 TFSI engine that develops 206kW and 380Nm, the new S3 Sportback will leap from rest to 100km/h in just 5.0sec - and return fuel efficiency of 6.9 litres per 100km.Compared to its popular predecessor, this latest generation S3 Sportback is 70kg lighter.

Bankruptcy for birthplace of US auto industry

Detroit - the birthplace of the US auto industry - has filed for bankruptcy.Known universally as 'Motor City', Detroit has fallen on hard times in recent years, as the influence of the auto industry wanes in the city.Ironically, Detroit's bankruptcy application comes as the giant US car makers - Ford and GM - surge ahead after recovering from the GFC.

Buyers will defer purchasing new cars – AAA

The FBT tax changes will likely cause some buyers to defer the purchase of a new cars," says the Australian Automobile Association (AAA).The AAA is calling for urgent talks with the Government on the fringe benefits tax changes."Australia's motoring clubs were, like many organisations, left stumped yesterday by the Government's announcement that it was changing the FBT rules, effective immediately," says Andrew McKellar, AAA executive director.

Could impact a third of new car sales – FCAI

The Government’s decision to remove the statutory formula method for salary-sacrificed and employer-provided cars will have dire consequences for Australia’s vehicle industry, both locally-made and imported, says the Federal Chamber of Automotive Industries (FCAI).

Guide to FBT changes

The proposed reform will remove the statutory formula method for both salary-sacrificed and employer-provided car fringe benefits for new contracts entered into after announcement, with effect from April 1, 2014.These changes will significantly impact fleet cars and the ability to salary sacrifice from this date - says Moore Stephens.All car fringe benefits for new leases will be calculated using the operating cost method from April 1, 2014.

Renault updates entire Megane range

Renault has introduced changes across the entire Megane range - the brand's highest selling nameplate in Australia. Since its launch in 2010, more than 2500 Megane hatches have been sold in Australia making Megane a pillar model for the brand.