Tag: dealership

Automotive Business Dealership News Automotive Business TodayAutomotive Business Dealership News Automotive Business Today

In our view, adapting to the most recent know-how is a must for automakers to find a way to compete and win shoppers’ hearts whereas reducing production prices. Since the prolonged COVID-19 pandemic hit the automotive sector hard in 2020, the federal government rolled out Luxury Sales Tax incentives for automotive purchases in a bid to push the sector’s development in 2021. The incentives are important because varied taxes, such as the LST and Value Added Tax , account for around 30 p.c – 40 p.c of car costs within the nation. This rectification of the upper front shock absorber… [...]