TESLA OVERTAKES FORD AND GM

For the first time ever, Tesla has overtaken Ford and General Motors in terms of market value. That makes Elon Musk’s electric-vehicle producer the auto manufacturer with the biggest market capitalisation in the United States. The company, however, is not…

WHAT IS THE AUSTRALIAN GT CHAMPIONSHIP?

In early February this year, Holden’s longstanding Motor Sport Chief, Simon McNamara, announced he was departing Holden after a 24-year career at the Fishermen’s Bend Head Office. Rumours had been swelling for two months prior that Simon was intending to…

ALL-TIME SALES RECORD IN JUNE

Australia’s new motor vehicle sales achieved a best-ever monthly result in June, according to the motor industry’s statistical service VFACTS. June sales hit a new monthly record high of 134,171, an increase of 4.4 percent to surpass the previous best…

TESLA’S PARKING BRAKE RECALL

Tesla is recalling 53,000 Model S and Model X cars to fix a parking brake issue. The electric car company’s largest ever global recall affects vehicles built between February and October 2016. “The electric parking brakes installed on Model S…

FLEX-COMMISSIONS OUT SAYS ASIC

ASIC announced in March that it will prohibit flex-commission in the car finance market but will still allow lenders to pay other types of compensation to car Dealers. ASIC considers flex-commissions “are arrangements in which a party other than a…

ACCC DENIES INSURANCE COMMISSIONS CAP

In a major win for Dealers, the Australian Competition and Consumer Commission (ACCC) has denied 16 insurance companies authorisation to jointly impose a 20 per cent cap on commissions paid to motor vehicle Dealers who sell add-on insurance products. The…

AADA RESPONDS TO ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM PAPER

AADA has responded to the Attorney-General’s Department consultation paper on anti-money laundering and counter-terrorism financing, arguing that banning cash sales is the best way to prevent high-value Dealers being used for those criminal activities. In November 2016 the Attorney-General’s Department…

FAIR WORK ACT AMENDMENT: WHAT YOU NEED TO KNOW

In March, following on from the 7-Eleven scandal, the Federal Government introduced legislation in the House of Representatives to amend the Fair Work Act to better protect vulnerable workers. This has application to franchisors/OEMs/distributors who have a significant degree of…

QUEENSLAND TRADING HOURS REVIEW

In August last year the Queensland Government approved Terms of Reference for a review of Queensland’s retail trading hours. The review was conducted by an independent reference group chaired by Mr John Mickel, former Speaker of the Queensland Legislative Assembly….