China’s MG hit by stock shortages for first time, but more cars are on the way

Just one of the speediest-expanding auto firms in Australia – Chinese automotive big MG – is about to strike a pace bump.

MG has mostly been unaffected by continual stock shortages that have crippled the worldwide automotive market, having said that MG Australia is envisioned to report a dip in product sales in April 2022 – just after increasing thirty day period-on-month so significantly this year – forward of a sharp downturn in June.

At past count, MG was the seventh-biggest car or truck manufacturer in Australia in accordance to income rankings. And MG has posted revenue boosts each and every thirty day period this yr in comparison to very last calendar year.

Even so, preliminary figures demonstrate MG will report about 4000 motor vehicles as bought in May possibly when official facts is introduced tomorrow.

Although this is an enhance when compared to the exact same thirty day period last year (when 3500 MG vehicles were being documented as offered), it is the 1st time profits have declined from month-to-month so much in 2022.

MG dealers have been suggested to be expecting a fall in car provide in June – historically the most significant thirty day period of the 12 months for new-car sales – but ended up explained to support is on the way in July.

This interruption to car or truck provide indicates MG prospects could need to hold out among 4 and 8 weeks to just take shipping and delivery. This compares to waiting times of three to 12 months for most other key automotive makes.

A assertion from MG Australia to Drive mentioned: “MG continues to be on-track to get sizeable shipments of inventory in the coming months throughout our selection of autos in Australia and New Zealand. Just about 7000 cars are predicted to get there in July.”

“We are working closely with our source chain to take care of any bottlenecks and minimise the influence of any delays on customer orders where ever doable.

“Due to world-wide provide chain concerns, some of our car arrival dates may possibly be delayed later on than originally approximated at the time of order. MG Motor Australia is currently doing work challenging with our mother or father corporation to reduce this delay to an absolute least.

“As disruptions to worldwide offer chains ease, we will purpose to raise output at our manufacturing services in an ongoing effort to satisfy our escalating consumer need.”

As is the scenario with most car or truck businesses, MG states it is “difficult to forecast accurately how very long it will take for all bottlenecks to be cleared”.

“Please be assured we are undertaking our utmost to assure as minimal as a hold off as attainable,” the assertion from MG Australia continued.

Quite a few new cars reported as offered throughout the market now were in point requested months ago, or even very last 12 months.

MG Australia says clients are continuing to put a record variety of orders so any dip in the reported gross sales figures is a reflection of limited offer somewhat than a drop in desire.