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1982 passenger car import quotas



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i i v n i u νιαίΜ i m n n t iq im KEVIN NEWMAN M PMINISTER FOR ADMINISTRATIVE SERVICES 1982 PASSENGER CAR IMPORT QUOTAS 82/21

The Minister for Administrative Services, Mr

Kevin Newman, .and the Minister for Industry and Commerce,

Sir Phillip Lynch,.announced today the Government's decision

on the final global quota level for passenger motor vehicle

imports in 1982. - '

1 . The Ministers said that it had been decided to

increase the 1982 quota from the interim level of 89,000

units to a final quota of 92,000 units.

The decision followed a review of market performance

and outlook, including the stock situation, and reflected the

Government's policy of reserving for locally produced vehicles

about 80 per cent of the market.

Passenger vehicle registrations for the four months

to the end of April have shown a growth of 1.2 per cent over

the same period last year. If similar growth is achieved over

the remainder of the year it would yield a total market for the ■ ■ ' v v ·

year of around 460,000. v

■ ■ Expectations in the industry, both among and between

importers, local producers and dealers, of the likely final

market in 1982 vary, with estimates ranging from 450,000 through

to around 470,000.. . . .

. The Ministers said that, in contrast to most developed

countries, passenger vehicle sales in Australia in 1981 had.:

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increased. On balance it appeared that the most likely out­

come for 1982 was for a continuation of modest growth. The

final quota figure had been set on this expectation. ■

The Ministers emphasised that market size was not

the only factor considered in the setting of quota levels.

The Government also had regard to stocks of imported vehicles.

Over recent years higher interest rates have increased

the cost of holding inventories and caused many firms to

reappraise their stock policies. This had affected the supply

of imported vehicles to the market, with import registrations

over the last two years significantly exceeding quota levels.

The Ministers said that it appeared that the drawing

down of inventories of imported vehicles had now largely run

its course. Accordingly it was not expected that substantial

further inventory reductions would take place during 1982.

' The Ministers s'aid the additional quota would be

allocated on the same basis as applied to the interim quota,

except for 1,000 units which would be allocated as special

quota to Leyland Australia. · .

' ' '■ " v ■ „ '

- Leyland had sought special quota in order to avoid

disruption to its dealer network following the company's decision

to withdraw from local production of Leyland marque vehicles.

Consistent with the practice followed in previous similar cases

-the special quota will be restricted to cars of the Leyland

marque.

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: '

The Ministers noted that the undertaking, announced

in 1980, that the Government would consider requests for

special quota for producers ceasing local production arose

from a recommendation by the Industries Assistance Commission.

Current import quota arrangements for passenger

motor vehicles are to -'apply until 1 January 1985. A decision

on the interim quota level for 1983 will be announced later

this year. . .

■ . . ■ 4

Canberra . .

14 June 1982 ' .

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