One of the anomalies with our current car industry – luxury car tax on locally converted premium vehicles.
Our car industry has always had a number of anomalies and it’s no different currently – we still have the 33 per cent so-called Luxury car tax on vehicles over $67,525– now further exacerbated by the introduction of state-based Luxury car duty or taxes in Victoria and Queensland. Only this week, Holden Special Vehicles or HSV, owner Ryan Walkinshaw, who employs a workforce of 600, pointed up the anomaly of luxury car tax – the company produces the luxury converted RAM and Silverado Pick-up trucks and Chevrolet Camaro sports car – now working a 24-hour three-shift assembly program HSV believes it could double sales volume and lift staff numbers without a luxury car tax. As Walkinshaw pointed out the stated aim of the federal luxury car tax was to encourage the purchase of locally built vehicles – his converted RAM trucks for example are one of the few success stories of the car industry this year, sales up by 427 percent.
I’m David Berthon.
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