The Centralian Advocate Tue 28 Sep 2021
Centralian Advocate; NewspaperNT
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Community newspapers -- Northern Territory -- Alice Springs; Tennant Creek (N.T.) -- Newspapers; Alice Springs (N.T.) -- Newspapers; Australia, Central -- Newspapers
News Corp Australia
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News Corp Australia
TUESDAY SEPTEMBER 28 2021 NEWS 09 V1 - NTNE01Z01MA Used cars fetch top dollar USED cars are fetching significantly higher prices than showroom models as demand for new wheels outstrips supply in Australia and beyond. The traditional price cycle for some cars has flipped upside down, with popular vehicles jumping significantly in value two or more years after they are first sold. Many second-hand vehicles are now worth $10,000 or more than new equivalents and there are some extreme examples of cars almost doub ling in price. Ross Booth, general manager of vehicle valuation service Redbook.com.au, said current used car values make no sense. There are lots of examples in the market when used cars are worth more than new cars due to demand and supply, Mr Booth said. One or two-year-old cars are selling for more than the new price. An international shortage of electrical components has contributed to constrained supply of new cars and demand for private car owner ship remains strong as people avoid public transport. Some motorists have strong discretionary income, boosted by international travel restrictions that have kept them at home. Popular cars such as the Toyota RAV4 hybrid have waiting lists approaching 12 months, prompting people with lightly used examples to sell them for a profit. Four-wheel-drives such as the Toyota LandCruiser and Nissan Patrol benefited from a focus on domestic travel. And models with limited supply, such as the Suzuki Jimny, have almost doubled in price as buyers grow frustrated with long delays to new vehicle supply. Originally sold new for $23,990, plus on-road costs, second-hand Jimny examples are advertised for sale for almost $50,000. Simon Cook, a member of the Suzuki 4WD Club of NSW, said: There is nothing like it for the money. Theyre very cute, theyre functional, and theyre in demand. The Jimny is a proper four wheel-drive and its size, even though its very small, is part of its appeal. People love it. Owners of limited-edition high-performance cars are also asking for eye-watering sums. Subaru WRX STI EJ25 models delivered this year as run-out specials originally sold for $62,440, plus on-road costs but are now listed for $120,000 or more. BMWs fastest car, the M5 CS, sold in small numbers for $305,900 drive-away before owners advertised cars for as much as $800,000, while the sought-after McLaren 765LT has increased from a list price of $609,650 to $900,000-plus in the second-hand market. The range-topping Mercedes-AMG GT Black Series coupe has climbed from $796,900 new to $1.5m in the classifieds. Mr Booth said many models were worth more as secondhand prospects, particularly enthusiast cars such as the Ford Mustang that attracted people prepared to pay a premium. Particularly if people dont want to wait several months or longer to get their next car. DAVID MCCOWEN Guns N Roses have been forced to delay their Australian tour again, rescheduling to November 2022. Picture: Supplied GUNS N Roses fans will have to hang on to their tickets for another year with the legendary rockers forced to reschedule their Australian tour to November 2022. Promoter Paul Dainty said he had spent months trying to negotiate a sports-style bubble so the Gunners could play the countrys first stadium rock tour since the pandemic shut down the live music industry in March last year. But the current Delta outbreaks in NSW and Victoria ruled out having stadium-sized crowds in those states. Guns N Roses were scheduled to play eight outdoor concerts in Australia and New Zealand kicking off on the Gold Coast on November 6. Tickets went on sale in November 2020 when the CovidSafe outlook for Australia to get the show back on the road was more optimistic. Tens of thousands of diehard fans will have held on to their tickets for two years by the time the band open their rescheduled dates in Perth on November 18, 2022. Since March weve been having hundreds of meetings to try to get a tour bubble together for November but with the flare-ups in NSW and Victoria, all that energy went out the window, Dainty said. I think the fans are pretty understanding. About 95 per cent of people are hanging on to their tickets. The bubble would have required moving the Gunners tour party of about 115 people plus at least 40 in the local team. It would have employed hundreds of venue and hospitality staff and Australian road crew and technicians at each event. KATHY MCCABE GUNNERS TOUR DELAYED HUNGRY Jacks billionaire Jack Cowin has a stern message for Australias anti-vaxxers, as well as rogue states playing to their own rules. Mr Cowin, who is double- jabbed, said every Australian state and territory would have to play by the same rules for the country to open up and the vaccine was the only way to get ourselves out of jail. While Queensland and Western Australia have had strong political wins from keeping their borders closed to other states, the rich-lister said they would have to open up eventually. I think the reality is that once we get to a stage where we have a high percentage of vaccinated people, that they will have to come under the same ruling, Mr Cowin said. This may take a while for them politically to adjust to this, but eventually everyone will play by the same rules. The nations fast food king said he knows a number of unvaccinated people and tells them: How are you going to get on a plane and go overseas or go to a restaurant or pub, how do you feel about that and how strong is your conviction? And the general answer is they will probably cave in, which will be the case once restrictions ease, Mr Cowin said. To encourage his own staff and their close contacts to get vaccinated, the Hungry Jacks founder has launched a national incentive scheme that includes a fortnightly prize draw of gift cards and a major cash prize. It hasnt been easy running a business in which dining rooms are closed and all the rest but we have been fortunate that staff have been compliant, Mr Cowin said. Unless there is a medical or logical reason, we are trying to encourage anyone that we have contact with or that we employ to get vaccinated because that is our defence against how we get this behind us. Hungry Jacks billionaire has a warning for all Aussie anti-vaxxers ADELLA BEAINI Hungry Jacks billionaire Jack Cowin.
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