The car market has clearly changed in recent months as supply of new models
has improved while demand has settled. Dealers are now holding good stocks of
certain models, obviously it varies between brands but for the most part many
more affordable brands are now in showroom stock. Particularly so with many
low-end electric cars from the likes of BYD, GWM Haval and MG. With supply
generally exceeding demand discounts are set to emerge on many electric
models, more especially now the N.S.W. Government has announced it is
dropping rebates and stamp duty exemptions on electric cars at the end of this
year, channelling the money saved into fast charging infrastructure. With the
dropping of rebates, an abundance of stock and a generally softer market it will
be interesting to see if it actually slows the growth of electric models or whether
discounts stimulate interest in them.
I’m David Berthon

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