The Motor Trades Association of Australia (MTAA) welcomes the Australian Government's consideration of abolishing the $5.2 billion luxury car tax (LCT) as part of negotiations for a free trade agreement with the European Union.
The Australian Automotive Dealers Association (AADA) has welcomed the 24-25 Federal Budget allocation of $60 million for the dealer charging fund and $3 million to implement the government’s responses to the review of the franchising code of conduct.
BMW Australia says it will further disrupt the local electric vehicle (EV) market next year with announcement of two additional variants priced below key tax thresholds. It will introduce the iX2 eDrive20 and iX2 xDrive30 – priced at $82,900* and $85,700* respectively.
