Industry Analysis & Industry Trends
The Automotive industry encompasses a range of smaller industries that have performed variably over the five years through 2015-16. Strong sales of new cars have supported motor vehicle wholesalers and dealers, while service agents have benefited from the increasing number of motor vehicles registered on Australian roads. However, local motor vehicle manufacturers have struggled, as high fuel prices for the majority of the past five-year period drove consumers to prefer affordable, fuel-efficient imported vehicles rather than petrol-guzzling locally manufactured cars. As a result of these opposing trends, industry revenue is forecast to rise at a sluggish compound annual rate of 1.1% over the five years through 2015-16, to reach $161.9 billion... purchase to read more
Industry Report - Industry Analysis Chapter
The Automotive industry encompasses each level of the passenger vehicle supply chain, from manufacturing through to wholesaling and retailing. The industry also includes repair and maintenance operators. Local manufacturers have struggled over the past five years due to the high Australian dollar for much of the period, reduced import protections and consumers' shifting preference towards smaller fuel-efficient imported cars. These trends have not been detrimental to all segments of the industry, as sales growth for imported vehicles has enabled wholesalers and some dealers to offset much of the decline from manufacturers.
Industry revenue is forecast to grow at a compound annual rate of 1.1% over the five years through 2015-16, to reach $161.9 billion... purchase to read more