the new car sales trend has been towards SUV's in a big way for quite a few years now!
they weigh a lot more than a family sized hatch, so obviously, they will use a lot more fuel regardless of GDI technology, which has massive problems in engine reliability anyway!
but the real problem is this- total fuel sales is still down volumetrically.EV is in crisis mode as evidenced by desperado tactics by management to "up' the payout ratio and "buy" a few loyalists by suggesting a share buyback with franking credits as a lure, but ironically, the Labor Govt. will change the rules on franking, to apply, when elected.
and the refiner margins for the Lytton refinery are pathetic!
on top of that we have a major recession looming just around the corner due to the new bank lending criteria. real estate in Sydney is going down faster than a prick holding onto a balloon! and the US is going to have to raise rates to stop the inflation caused by Trump's Tax spend.
apart from that- it's a great BUY
!
cheers crazypunter
