Immigration Keeps Australian Automotive Buoyant S4E26

Welcome back to Talking Automotive with Mark and John. In this episode, we're analysing how immigration trends are impacting Australia's automotive market. With vehicle supply chains recovering and production ramping back up, we would normally expect to see an oversupply of new vehicles leading to aggressive price discounting by dealers and a drop in used car prices. However, Australia's population has grown by nearly one million people over the last year due to increased immigration. This surge in population has boosted automotive demand and soaked up any excess supply. As a result, new and used vehicle prices have remained strong and stable. As we've discussed in previous episodes, the automotive industry is highly complex with many interdependent factors. Understanding the latest economic and market influences is key to making informed predictions about the automotive space. We appreciate you subscribing to the channel to help us share this video and continue the discussion. Please leave your thoughts and reactions in the comments below.Become a supporter of this podcast: https://www.spreaker.com/podcast/talking-business-with-mark-and-john--5696935/support.