what does 0 apr mean when buying a car
Porsche Australia not worried about penalties from emissions standards
Porsche is known for its petrol-powered sports cars, but it’s banking on its growing range of electric cars to hold it in good stead when new fuel efficiency standards hit Australia.
Porsche Australia boss Daniel Schmollinger told media the brand is “comfortable” with its position if the New Vehicle Efficiency Standard (NVES) rolls out as proposed by the Federal Government.
“With our electrification strategy – 80 per cent electric by 2030 – I think we will be in a good position,” Mr Schmollinger said.
Porsche already offers the electric Taycan in Australia, and will later this year introduce an electric version of its best-selling Macan SUV.
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Last call for the petrol model is rapidly approaching, with the final orders to be taken mid-year.
When it does launch, Porsche is expecting the electric model to slot neatly into the lineup – despite concerns from dealers about the death of the strong-selling petrol.
“We started three years ago with the Taycan. “Obviously there were some question marks if the Taycan was the right fit for the market – especially in Australia, which is petrol-oriented,” said Mr Schmollinger.
“The success we saw with the Taycan over the last three
Hyundai vehicles to be available online in 2024
José Muñoz (right), CEO of Hyundai North America, and Marty Mallick, vice president for Amazon worldwide business and corporate development, at the Los Angeles Auto Show. Photo: Amazon via Business Wire
Amazon plans to begin allowing Hyundai dealers to sell new vehicles on its platform, launching the e-commerce giant into the lucrative but highly competitive car market for the first time.
Why it matters: Amazon’s sheer e-commerce heft means the company must immediately be taken seriously in the automotive retail space.
Driving the news: Amazon announced its plans Thursday during the 2023 Los Angeles Auto Show, and said Hyundai would be the “first” brand to sell cars on the platform.
- Customers will be able to search based on model, trim, color and other features, while also choosing payment and financing options.
- As part of their deal, Hyundai will begin incorporating Amazon’s Alexa voice assistant into its vehicles beginning in 2025.
Selling cars online is unlike selling any other item because most product sales aren’t as complex as vehicles, which often involve trade-ins, financing, warranties and follow-up service.
What they’re saying: Listing on Amazon “should make shopping easier” for many buyers, “but all these additional components you’re still dealing with the