Opel Quits Australian Market
The automaker entered the Australian market in August last year, but its 20 dealerships managed to sell only 989 examples of their Corsa, Astra and Insignia models.
“In order to be competitive, Opel Australia would need to follow recent competitor price reductions, and significantly reposition the price of its core volume models. These changes, combined with the continued investment required to ensure brand awareness, result in a business which is not financially viable for any of the parties involved,” Opel Australia said in a statement.
Meanwhile, Opel will work closely with employees, dealers and customers throughout the closure process and will discuss with local brand Holden about the possibility of selling Honden-badged Opel vehicles in the future.