I agree with 99% of your statements. One thing you are missing is that layoffs in the quality department are on the chopping block first. When quality goes, problems grow. First hand knowledge. Take that as you will.
The main problem with VW is they are heavily reliant on the revenue from china's market. Chinese brands especially BYD are taking a big chunk of their market share. VW not only lost the top spot sales in china (they have been no 1 for 30 years) but they have to heavily discount their cars in order to make the sales which further erode their margin.
Funny the Audi CEO says that the market will be flooded with 45-70k cars from China. VWs used to have cars available in that price bracket not too long ago. Their prices have gone up pretty sharply post covid (like a few other brands which were never quite in the premium segment) and I am not sure if the consumer will suddenly allow a mid segment brand to demand premium segment prices.
All the best Scott with the new venture, whatever that may be. Hopefully we do see where you're heading to and everything works out as you hope. You have been a great part of the podcast and will be missed.
If euro brands improved their reliability, they'd sell 10 times more. Let's face it, the wealthy who can afford a brand new euro will continue to buy them. They can afford the repairs and don't care about the costs. The low and middle income earners can't afford the maintenance and repairs so the Japanese, Koreans and Chinese manufacturers will win. Many people including myself would buy a euro car if I knew it wasn't going to fall apart after 3 years.
Other than cars, what else is manufactured in bulk outside of China? It's only tariffs and some brand equity that keeps legacy auto makers afloat. All the Germans are going to struggle moving forward.
So good to see Chinese brands pushing legacy brands to finally value the consumers. They were ripping people off by ridiculous price gouging, lack of customer support and poor warranty. Audi’s CEO should talk to his dealers as they treat their customers poorly. Toyota is the biggest culprit for pushing customers looking at Chinese brands. New Prado will be close to 120k. 😊
You don’t seem to understand how Chinese car companies manage to produce vehicles at such competitive low prices. The average profit margins of European and Asian car manufacturers hover around 10%. Do you still think these prices are a rip-off? If you were a worker, would you give up your wages to help the company lower the car prices?😂😂😂 Also, if you believe that China produces cheap cars solely due to low labor costs, you are being quite naïve. They receive financial support from the government to fund their production. While this may aid China's industrial growth, it goes against the principles of fair trade and disrupts the market. That’s why the U.S. and Canada have imposed significant tariffs, and Europe is planning to double theirs as well. Although Australia doesn't have car manufacturers, but if it keeps accepting Chinese cars without much thought, a time will come when it regrets the decision.
Thank you for the information. It’s clear that whatever strategies they are employing to promote their vehicles are proving effective. Interestingly, many non-Chinese brands, such as Ford and Tesla, have opted to assemble their cars in various Asian countries. However, aside from Tesla, these brands have significantly increased their prices. The rising costs of car production in Australia can largely be attributed to the influence of unions and government policies. For instance, the Toyota Prado GXL, which was once priced at around $62,000 drive-away, has now skyrocketed to nearly $80,000. Similarly, the new Hyundai Santa Fe has reached an astonishing price of almost $85,000. It raises a critical question: how can these legacy brands justify such price increases, especially when their warranties are shorter, customer support often falls short, and yet they still seek premium prices? It’s puzzling to see established brands engage in what appears to be price gouging in a market where consumers are already feeling the financial strain. If the Australian government has indeed failed to support local car manufacturing, placing the blame on Chinese manufacturers seems misplaced. The government's tendency to impose taxes on nearly everything could ultimately harm the market, leaving consumers feeling squeezed out of their options. It’s a complex issue that deserves more attention and accountability from those in power.
Most Chinese car manufacturers receive government support to produce electric vehicles, and this advantage allows them to spoil the market. This is the reason why the U.S. and Canada have imposed significant tariffs, and Europe is also planning to double its tariffs. Even though Australia doesn't have its own car manufacturers, instead of accepting cheap electric vehicles indiscriminately, should consider the aspect of fair trade.
@@Gimlet6051 All countries provide government support to their manufacturing industry. That's including the EU US Australia (used to be for Holden Ford Toyota) and Thailand where Australia gets most of the utes. The reason EU US Canada imposed tariffs is because they are trying to protect their car manufacturing industry.
This is one of the most tonedeaf and braindead takes I’ve even seen. All car companies in all their home countries recieve unfiar subsidies from their respective governments who want them to succeed over other countries, Japans gov gives billions to toyota. Is it fair to say that Toyota should get subsidies making them artificially competitive but byd should not. Obviously not. This is just an “i don’t like china because it’s china” argument repackaged as advocating for fair market trade. Everyone is ok with government subsidies until it’s china.
@@thearlongparknot the same thing. Practically all chinese companies are owned by CCP. CCP steals techs from other countries and give it to companies.
Australia is receiving much more models than South Africa because the Australian dollar is stronger than the South African rand much stronger imported models shipping costs cheaper vechile prices not sky high .
I agree with 99% of your statements. One thing you are missing is that layoffs in the quality department are on the chopping block first. When quality goes, problems grow. First hand knowledge. Take that as you will.
Thanks for your work Scott and best of luck. ❤
Wong's hair is glorious
I just bought a Niro EV because the EV3 had no dates or prices. The Niro is pretty cool, but the EV3 is what I really wanted.
I did buy the EV3, will be with me 01/2025
VW cars are just too expensive. Too much plastic for the price.
I recently traded my Arteon, nothing but problems. Got into a used Tesla model 3 performance and can’t believe how much better it is
Bang on. Good move.
The main problem with VW is they are heavily reliant on the revenue from china's market. Chinese brands especially BYD are taking a big chunk of their market share. VW not only lost the top spot sales in china (they have been no 1 for 30 years) but they have to heavily discount their cars in order to make the sales which further erode their margin.
legacy brands dictating what their customers want instead chinese EVs are building cars what their customers want
@@fatdoi003 Exactly, they are keep making the product they want to build while dismissing what the market really wants.
Well said
Funny the Audi CEO says that the market will be flooded with 45-70k cars from China. VWs used to have cars available in that price bracket not too long ago. Their prices have gone up pretty sharply post covid (like a few other brands which were never quite in the premium segment) and I am not sure if the consumer will suddenly allow a mid segment brand to demand premium segment prices.
Scott is going 😢... Well I'm just glad he gave us a goodbye, unlike jade who just left and appeared on drive.
Korea Brand Ssang Yong changed name to KGM Tonnes SUV launches in Australia October .
Torres
All the best Scott with the new venture, whatever that may be. Hopefully we do see where you're heading to and everything works out as you hope. You have been a great part of the podcast and will be missed.
If euro brands improved their reliability, they'd sell 10 times more. Let's face it, the wealthy who can afford a brand new euro will continue to buy them. They can afford the repairs and don't care about the costs. The low and middle income earners can't afford the maintenance and repairs so the Japanese, Koreans and Chinese manufacturers will win. Many people including myself would buy a euro car if I knew it wasn't going to fall apart after 3 years.
Agreed, but adding one more condition, the price and specs must be similar.
@@patricklin6177even better. Lol
Other than cars, what else is manufactured in bulk outside of China? It's only tariffs and some brand equity that keeps legacy auto makers afloat. All the Germans are going to struggle moving forward.
So good to see Chinese brands pushing legacy brands to finally value the consumers. They were ripping people off by ridiculous price gouging, lack of customer support and poor warranty. Audi’s CEO should talk to his dealers as they treat their customers poorly. Toyota is the biggest culprit for pushing customers looking at Chinese brands. New Prado will be close to 120k. 😊
They are putting tariffs on chinese cars in europe.
those hosts still have the sinophobia attitude those korean car owners can now buy korean EVs instead of chinese ones.....
You don’t seem to understand how Chinese car companies manage to produce vehicles at such competitive low prices. The average profit margins of European and Asian car manufacturers hover around 10%. Do you still think these prices are a rip-off? If you were a worker, would you give up your wages to help the company lower the car prices?😂😂😂
Also, if you believe that China produces cheap cars solely due to low labor costs, you are being quite naïve. They receive financial support from the government to fund their production. While this may aid China's industrial growth, it goes against the principles of fair trade and disrupts the market. That’s why the U.S. and Canada have imposed significant tariffs, and Europe is planning to double theirs as well. Although Australia doesn't have car manufacturers, but if it keeps accepting Chinese cars without much thought, a time will come when it regrets the decision.
Thank you for the information. It’s clear that whatever strategies they are employing to promote their vehicles are proving effective. Interestingly, many non-Chinese brands, such as Ford and Tesla, have opted to assemble their cars in various Asian countries. However, aside from Tesla, these brands have significantly increased their prices.
The rising costs of car production in Australia can largely be attributed to the influence of unions and government policies. For instance, the Toyota Prado GXL, which was once priced at around $62,000 drive-away, has now skyrocketed to nearly $80,000. Similarly, the new Hyundai Santa Fe has reached an astonishing price of almost $85,000.
It raises a critical question: how can these legacy brands justify such price increases, especially when their warranties are shorter, customer support often falls short, and yet they still seek premium prices? It’s puzzling to see established brands engage in what appears to be price gouging in a market where consumers are already feeling the financial strain.
If the Australian government has indeed failed to support local car manufacturing, placing the blame on Chinese manufacturers seems misplaced. The government's tendency to impose taxes on nearly everything could ultimately harm the market, leaving consumers feeling squeezed out of their options. It’s a complex issue that deserves more attention and accountability from those in power.
@@Gimlet6051 let’s not forget it also gets cheap energy from russia.
South Africa & Australia should receive Kia Mohave instead of Telluride .
There will be Tasman Pick up & SUV
Thanks Scott goodluck with future, its hard replace team member.
Most Chinese car manufacturers receive government support to produce electric vehicles, and this advantage allows them to spoil the market. This is the reason why the U.S. and Canada have imposed significant tariffs, and Europe is also planning to double its tariffs. Even though Australia doesn't have its own car manufacturers, instead of accepting cheap electric vehicles indiscriminately, should consider the aspect of fair trade.
It makes 0 sense to do that. 😅
@@Gimlet6051 All countries provide government support to their manufacturing industry. That's including the EU US Australia (used to be for Holden Ford Toyota) and Thailand where Australia gets most of the utes.
The reason EU US Canada imposed tariffs is because they are trying to protect their car manufacturing industry.
This is one of the most tonedeaf and braindead takes I’ve even seen. All car companies in all their home countries recieve unfiar subsidies from their respective governments who want them to succeed over other countries, Japans gov gives billions to toyota. Is it fair to say that Toyota should get subsidies making them artificially competitive but byd should not. Obviously not. This is just an “i don’t like china because it’s china” argument repackaged as advocating for fair market trade. Everyone is ok with government subsidies until it’s china.
The same goes for America and Europe! Don't make excuses for your incompetence!
@@thearlongparknot the same thing. Practically all chinese companies are owned by CCP. CCP steals techs from other countries and give it to companies.
All the best Scott 🎉
Should have pranked Scott at the end… missed opportunity 😂
Kia’ s EV3,EV5 will be killers of LFP Chinese EVs.
Australia is receiving much more models than South Africa because the Australian dollar is stronger than the South African rand much stronger imported models shipping costs cheaper vechile prices not sky high .
VW can try all they like. I'm turned off by the dealer "experience" and terrible "after sales service". They just don't last, they just don't care.
Seoul?
You still cannot buy any of the VW ID vehicles here can you ?
That’s why I got a Tesla but look back vw don’t have the build quality of the Tesla and I won’t be looking at their EV’s when they do finally arrive.
VW clearly wants funding from government after so many failed desperate ventures lately.
why are the cuffs so high, can nearly see your....
Are the boy's in need of a pay rise? Looks like they can't afford to buy socks 😅
Mclaren Coyote 1980's TV series Hotcastle & Mc Cormick Mclaren Artura wow a name model .
Scotty socks🤣🤣🤣
SOCKS
VW in trouble !!!, they have just invested $5 Billion into Rivian, so can't be in too much trouble