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| Make / Model | Current price (before on-road costs plus LCT) | New price (before on-road costs plus LCT) | Price increase due to LCT change |
|---|---|---|---|
| Audi Q5 40 TDI Quattro Sport MHEV | $87,000 | $89,123 | $2,123 |
| Toyota Kluger Grande Hybrid AWD | $84,080 | $85,239 | $1,159 |
| Mazda CX-90 D50e Azami Takumi | $92,101 | $95,907 | $3,806 |
Luxury Car Tax was introduced in 1999 in an effort to thwart sales of imported cars, in-turn protecting Australian brands. The two local heavyweights, Ford Australia and General Motors Holden, closed in 2016 and 2017 respectively, yet the LCT still remains…for now.
A report published in The Australian claims that “a source close to the Prime Minister” has revealed that the Federal Government is “prepared to dump the [LCT] tax” in trade for “better access for Australia’s agricultural exports”.
As pressure from European trading partners grows exponentially, an abolishment of LCT seems more likely now than ever before. Chasing Cars has been investigating updates to the LCT very closely. Our exclusive report can be viewed here.
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