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Widespread price reductions with new Luxury Car Tax threshold, but not from BMW

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The introduction of a new Luxury Car Tax threshold has meant widespread price reductions for new models. However, BMW has chosen not to pass-on the savings, despite lower prices being offered by its competitors. On 1 July 2020 – the beginning of the 2020/2021 Financial Year – the price at which the Luxury Car Tax (LCT) is applied to brand-new vehicles was increased from $67,525 to $68,740, in line with inflation.

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