Aussies 'are shunning locally-made vehicles'

Mozo

Friday 20 July 2012

Australians are shunning locally-made vehicles in favour of foreign imports, according to shadow treasurer Joe Hockey.

He is upset that the government continues to offer financial support to the likes of Ford and Holden in order to help them flourish.

Mr Hockey told the Seven Network that writing cheques for car manufacturers without conditions is "wrong".

"The issue is Australians are voting with their feet and not buying Australian-made vehicles," he was quoted as saying.

However, industry minister Greg Combet feels it is important to nurture the country's car manufacturing industry.

Recent figures compiled by Roy Morgan Research showed that a growing number of Aussies are planning to purchase a new vehicle in the next four years.

That said, money is still tight for a lot of households and so people will no doubt be looking for bargains.

Getting a cheap model with a smaller engine will help drive down the overall cost of fuel and car insurance in the longer term.

Have a question about car insurance? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801411760-ADNFCR

Aussies 'are shunning locally-made vehicles'
Back to top