Why are there no new cars in Australia?
Episode description
There’s a major crisis in the Australian automotive industry. There are basically no new cars. It’s partly to do with the global semiconductor shortage, and partly to do with people having extra cash in the pandemic, splurging on a new vehicle.
James Voortman is CEO of the Australian Automotive Dealer Association. He says the car is the second-biggest purchase for most families - after their home.
Some experts say it will be a year - or more - before we get back to normal. Others say it the market may never return to ‘normal’. So what’s with the new car shortage?
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