Sales at Audi, considered a more accurate barometer of the average consumer, have continued to suffer already waning figures.
“Customers are saying it’s not fair, that they’re not happy but they’ll have to accept and adjust,” he says. It might encourage some to register their cars interstate.
From Monday, the car stamp duty levy is set to rise on a sliding scale from 5 per cent to up to 9 per cent on vehicles valued from $100,001.
Under the changes, cars valued between $100,000 and $150,000 will face duty of $14 per $200 of market value ($7000), while vehicles worth more than that will face an additional $18 per $200 of market value ($9000).
This is on top of 10 per cent GST and the federal government’s 33 per cent Luxury Car Tax (LCT) already charged on every dollar above $66,331.
A $500,000 car is now expected to cost buyers an extra $19,000.