Rising interest rates, fuel prices could force 4WD owners to sell up, expert says
By Sourced Externally
February 27, 2022
West Australians who splashed out on four-wheel drives and caravans during the pandemic may be forced to sell up amid rising interest rates and fuel prices, an auto industry expert says.
Rising fuel prices and interest rates may force 4WD owners to sell up
Four-wheel driving has boomed in popularity during the pandemic
Reopening of borders may see travellers swap the outback for overseas
WA Motor Trade Association president Stephen Moir said while there was a chronic shortage of second-hand vehicles driven by closed borders and interrupted supply chains, that could change in the coming months as the cost of living increased.
“They’ve actually purchased those cars and caravans … because they haven’t been spending their money on overseas travel,” he said.