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The car industry is still being hammered by a shortage of computer chips and COVID-19 staff shortages across the supply chain.
Car companies are spitting chips. Figuratively speaking of course, given they’re literally desperate to source computer chips to return to building vehicles at a rate that matches demand.
Simply put, they could sell more vehicles if they could get stock into the country, with wait times blowing out to 12 months for some models.
As a result, Australian new vehicles sales were down 4.8 per cent in January compared to the same month in 2021, according to VFACTS data released today by the Federal Chamber of Automotive Industries.
FCAI chief executive Tony Weber attributes the drop to 75,863 vehicles to roadblocks across the sector.
“The microprocessor shortage and the pandemic’s impact on supply chains continues into 2022. This is an issue impacting markets all over the globe,” Mr Weber says.
“Despite this, consumer interest, inquiry, and the fundamental demand for new cars in Australia remains strong.”
“Manufacturers are continuing to work hard to address supply chain and production issues. We are also experiencing bottlenecks in having vehicles processed from some Australian ports.”
Victoria saw a fall of just 1.6 per cent, to 20,397 sales for January. Tasmania actually grew by more than 15 per cent to 1,468.