Good news for new car buyers

Australians bought more new cars in 2023 than any year previously but that won’t happen again this year and shoppers are expected to benefit.

Lexus chief executive John Pappas says last year’s record new-car sales were “extraordinary” and wouldn’t be repeated this year. Buyers will also benefit from reduced new car wait times.

He says the record sales weren’t a “true indication” of customer demand for new cars because the market was simply recovering from…

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