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Ute tax avoidance storm unfolds — Motoringnz

CONSUMERS are rushing to secure highly popular one-ton cars before April 1, when a sticker-affecting emissions tax is introduced, which is reflected in new vehicle sales stats for the past month, with three top tray decks dominating and commercial take-up rising 29 percent.

The agency for new vehicle distributors, the Motor Industry Association, says despite a slight decline in the use of new cars (particularly small models) and the use of sports utilities – both electric choices and types that rely on fossil fuels – and regardless year-to-date performance was down 1.2 percent, making overall activity the strongest February ever.

The top three models for the month are the Ford Ranger, with 1111 units, followed by the Toyota Hilux (890 units) and the Mitsubishi Triton (855) did not surprise either.

Chief executive David Crawford sees this and the total registrations of 12,551 units, half a percent more than in February 2021, reflect consumer response to the impending Clean Car legislation.

In addition to introducing an ‘ute tax’ that will add thousands of dollars to the prices of vehicles emitting more than 192 grams of Co2 per kilometer – the final fine depends on the degree of non-compliance – the law is also expected to make changes in the vehicle discount scheme on the safe side of the ledger.

Mild hybrid models will be eligible for small discounts from that date; larger discounts for more electrically intensive products are also rolling out.

“As expected with the pending changes to the Clean Car Discount scheme from April 1, there has been a shift in sales patterns before the full allowance goes into effect,” Crawford noted today.

“Sales of passenger cars and SUVs have slightly decreased, while sales of light commercial vehicles, most of which will be remunerated from April 1, have increased.

“This is expected and likely to be repeated in March sales. Once the full Clean Car Discount (the low-cost side of the scheme) comes into effect on April 1, light commercial vehicle sales are expected to decline.”

The rush for you comes when distributors are under the pump to achieve sufficient supply; This is not only a period of increased demand, but also the shortage of semiconductor chips, limited shipping and delays on some production lines are impacting the supply chain. A dealer said yesterday that he had customers who said they would cancel orders for vehicles that failed to register by the end of the game on March 31.

The MIA notes that 689 pure electric vehicles, 388 PHEVs and 1020 hybrid vehicles were sold this month.

The month saw 7,680 passenger and SUV registrations, down 1032 units / 11.8 percent from the sales month of 202, while 4,871 commercial vehicle registrations represented an increase of 1095 units / 29 percent.

Toyota remained the overall market leader with a market share of 16 percent (1972 units), followed by Mitsubishi with 15 percent (1927 units), then Ford (11 percent, 1400 units).

In terms of market share so far, Mitsubishi leads Toyota, a rare turnaround, with Ford in third.

The best-selling electrics were the Tesla Model 3 (351), the Hyundai Kona (54) and Kia Niro (35); the Mitsubishi Eclipse Cross (228) led the plug-in hybrid crop, followed by the MG HS (57) and Mitsubishi Outlander (25), while in the hybrid sector Toyota took first and third place, with the RAV4 with 187 units and the Yaris reached 126, these are split by the Honda Jazz 143.

Mitsubishi led the way in passenger and SUV registrations, followed by Toyota and then Kia; Mitsubishi’s Outlander is the industry’s most favored model, albeit with only 546 units.

In the January and February commercial sector, the Ranger remains the most popular choice, followed by the Triton and then the Hilux.

Ute tax avoidance storm unfolds — Motoringnz

Source link Ute tax avoidance storm unfolds — Motoringnz

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