Global bank predicts price cuts amid new-car oversupply – report

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A Swiss investment bank is predicting a new-car price war could be just around the corner, sparked by oversupply in the market.


Unprecedented demand for new cars is about to drop – forcing prices lower – according to one large investment bank in Europe.

Contrary to the current long wait times for new cars and steady consumer demand in Australia, the new report boldly claims the tide is about to turn in favour of buyers who have been paying top dollar amid limited…

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