More new car price rises coming for Australian buyers

News Snapshot:

New car prices are expected to rise through 2024 despite showroom demand falling through the final quarter of 2023 and potentially facing a double-digit downturn this year. The forecast comes from the body representing Australia’s 60-plus car brands, the Federal Chamber of Automotive Industries (FCAI) in Canberra, but it has resisted providing any exact numbers. Even so, the FCAI has identified a number of competitive upward pressures on pricing through the coming year, from extra brands to additional battery-electric arrivals. For more Motoring related news and videos check out Motoring > > It has also confirmed the impact of new...