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Offline Paulstar


  • Joined: Jul 2008

  • Location: Sydney
A BMW 5 series is now cheaper and a better alternative than the equivalent Hyundai luxury model due to changes in the governments tariff structure. Looks like Aussies are not the only ones getting extorted by local manufacturers who're making the most of government tariffs and taxes on imported cars.

Quote
Sticker prices for the Hyundai Equus -- the company’s most luxurious model -- range from 68 million won to 151 million won. BMW’s 5-series runs 61 million won to 113 million won, though the Equus is closer in size to the BMW 7-series, which starts at 124 million won.

http://www.bloomberg.com/news/2013-05-14/bmws-cheaper-than-hyundais-on-tariffs-imperil-korean-maker-cars.html



Offline dkabab

I see it the other way around. We have lots of tax on imports making them a lot more than the local equivalent.



Offline Paulstar


  • Joined: Jul 2008

  • Location: Sydney
Yup, agree. The imports are over priced so the local guys price accordingly. If the imports were not overpriced as compared to other countries the local product would be cheaper/price would more accurately represent the worth of the vehicle.



Offline futurism


  • Joined: Jan 2009

  • Drives: Regretfully sold my GT3
  • Location: Adelaide
  • Name: David
its a little off the actual topic, but none the less similar

With all the protections and funding we give local car makers, how come when Holden did export the Monaro to the UK and the USA it was so much cheaper for them?

the USA price was 34k in usd, which in 2004 aud/usd was .75, so thats $45,333, on the road.

Wikipedia suggests the USA price was very high due to the fast appreciation of the Australian dollar, and when the deal was originally done it was expected to sell in the USA for $25k!

meanwhile the Australian price was $60k plus on roads and whatever
presumably considerably more were made for the Australian market too

Changes between AUS and USA were minimal, some extra bracing for USA crash ratings, badges, and obviously LHD, yet Australians still (seemingly?) got screwed despite funding Holden to send them to the USA and the UK.





Offline blackr35


  • Joined: Jan 2012

  • Location: adl
its a little off the actual topic, but none the less similar

With all the protections and funding we give local car makers, how come when Holden did export the Monaro to the UK and the USA it was so much cheaper for them?

the USA price was 34k in usd, which in 2004 aud/usd was .75, so thats $45,333, on the road.

Wikipedia suggests the USA price was very high due to the fast appreciation of the Australian dollar, and when the deal was originally done it was expected to sell in the USA for $25k!

meanwhile the Australian price was $60k plus on roads and whatever
presumably considerably more were made for the Australian market too

Changes between AUS and USA were minimal, some extra bracing for USA crash ratings, badges, and obviously LHD, yet Australians still (seemingly?) got screwed despite funding Holden to send them to the USA and the UK.

Because they can only charge what the market will bear.



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