AutoExec Summary
Car manufacturers can import high-polluting vehicles into Australia for the first six months of the New Vehicle Efficiency Standard without facing penalties, leaving dealers with unwanted stock. Dealers fear being left with unsellable cars and financial burdens. The loophole in the emissions law could lead to pressure on dealers to take on inventory they may struggle to sell, impacting the industry’s sustainability and consumer prices. The Federal Government is aware of the concerns but has not yet found a solution due to registration responsibilities lying with states and territories. The NVES is expected to affect the new-car market, potentially increasing demand and prices for used cars.
Brands mentioned: NVES