ACT finish 2020 with a gain in new car sales

ACT was the only state or territory to finish 2020 with a gain in new car sales, thanks to a brief January supercell Peter Brewer  Volkswagen cars, together with Mazda, Hyundai, Subaru and Honda, showed an upward shift in the ACT. Picture: Peter Brewer One extraordinary weather event almost 12 months ago handed Canberra's new car market such a huge retail boost that the ACT was the only state or territory to finish the 2020 calendar year with a positive result. New car retail data released on Wednesday for 2020 revealed Australia's national sales plunged to their lowest annual level of demand in 17 years, with the ACT being the only state or territory to post a gain over 2019. The ACT's new car retail sales for 2020 were 22.6 per cent up on 2019, against a national sales decline of 13.7 per cent. Canberra's sales boost was largely a result of last year's intense January 20 hailstorm which swept in from th…
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How I slashed my car insurance premium by more than 40 per cent

How I slashed my car insurance premium by more than 40 per cent Jessica Irvine I have reduced my annual car insurance premium by 44 per cent, from $886 to $495. And I'm about to tell you how. However, first, a matter arising from last week's column on how I cut my home contents insurance premium in half. You can save on the premium cost by increasing the excess payable in the event of a claim. Several readers emailed to warn me of a clause in some insurance policies regarding "underinsurance". On such policies, should you only insure a sum of, say, $50,000, but a valuer later assesses your property at $100,000, the insurer can apply an "averaging" clause to say that because you are only half insured, they'll only pay out half your insured amount. Ouch. I'm confident this does not apply to me but it's definitely something to watch out for. Now, onto car insurance. Last week, I rang the former competition tzar Allan Fels, who has just finis…
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