As the world is returning to its pre-pandemic state, people are becoming more interested in getting new cars. However, car dealers tend to be struggling to offer car buyers the new cars they want. Tasmania is actually better off than many state and territories with an average waiting time of just 63 days compared to the national average of 112 according to PriceMyCar’s delivery date analysis.
- Low supply of cars
Even if you are interested in buying used cars, you may still have challenges with getting them. This is because many car owners are not willing to let go of their existing cars. Even those that are ready to sell their vehicles will only do so at exorbitant fees… sometimes more than the equivalent new car price!
For the Tassie locals, start by checking the price on a new car in Tasmania and other areas within the country. Afterward, look for a reliable car dealership and check the waiting times.
- Increased competition
Generally, a potential car buyer can browse through a listing of numerous car sellers. Unless a dealership stands out, it will be difficult to attract buyers. Therefore, car dealerships now need to spend more on ads and other things that can give them a competitive advantage over others.
- The need to change to electric vehicles
Firstly, the government authorities are not doing enough to encourage people to make the shift from fossil fuel-powered vehicles to EVs. Secondly, many individuals still fear the battery capacity of electric autos. Thirdly, many car dealerships are uncertain about whether they should start offering these cars or not. This is because they doubt the possibility of selling the cars as quickly as they would like.
Although various steps are going on to tackle these challenges, they are still affecting the auto industry in Australia. Nevertheless, we believe that improved battery technology, government programmes, and incentives can speed up the shift to EVs.
- Changing technology
It takes lots of time and money to keep up with the changing technology in the car industry. But to be competitive, key players in the auto industry have to follow the technological changes.
- Cost of getting sales
If you are into selling cars, you must keep track of how much you spend on ads. Don’t lose sight of the leads and, most importantly, the paying customers.
Nonetheless, this is not going to last till eternity. So, we can look forward to enjoying a future without COVID-related problems for the auto industry.
In conclusion, all key players in the car industry need to come together to tackle these challenges.