Why it matters: New car buyers hoping to get a better deal will have to rethink, because of a 300,000 vehicle structural undersupply.
About half of new car buyers signing up now are still being put into the back order list at car dealerships.
Discounts in the electric vehicle segment are rare, with demand having run well ahead of supply from inception.
A structural undersupply of more than 300,000 new vehicles along with the rise of electric cars, where demand is crushing supply, means new-car buyers face paying the full sticker price on their next vehicle.
The chief executives of the three large ASX-listed car dealership groups say order banks are still long, even though new vehicle supply from overseas carmakers is improving and logjams at ports are slowly easing.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
