Originally Posted by
LaserEyeKiwi
Wouldn’t be surprised if their expectations around vehicle financing are also flawed. People aren’t buying less cars on finance due to “expected policy changes” (talking about the end of the feebate scheme). The reason people aren’t buying cars is due to their mortgage costs being dramatically higher, while at the same time motor vehicle finance interest rates are also higher - It’s a huge double whammy.
It simply mirrors the slowdown in other large ticket items (large household items, overseas travel) that are experiencing slowdowns currently, and those items dont have any sort of feebate scheme holding consumers back.