New car buyers should be able to start haggling for a better deal from July and August.and supply chain bottlenecks that enabled dealerships to make lucrative profit margins during the pandemic are fading, and an economic downturn is likely to also tilt the balance back towards buyers.UBS analyst Tim Piper said new car revenue and margins would be sustained over the next six months, despite some industry feedback that new vehicle orders were slowing.
“Demand appears to be holding up, although increased cancellation rates and closing of the gap between supply and demand will drive margin normalisation,” Macquarie said in a research note.Negative house price growth and a jump in fixed rate home loan rollovers in the June quarter to much
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: