Industry Analysis & Industry Trends
While soaring petrol prices increased demand for fuel-efficient cars, domestic motor vehicle manufacturers believed their main market would remain loyal to large, relatively fuel-inefficient cars. Production figures show that the sales of large domestic vehicles have fallen and the imports of small, fuel-efficient cars have increased. Retailers carrying imported brands and cars in the small- and light-vehicle segments have benefited from this trend. Industry revenue is estimated to fall by an annualised 0.9% over the five years through 2012-13, as manufacturers have struggled. Conditions will improve in 2012-13, with revenue forecast to increase by 3.8% to $124.7 billion. Higher real household disposable incomes are expected to back a rise in sales and production... purchase to read more
Industry Report - Industry Analysis Chapter
Times have been tough for the Automotive industry. Consumers halted car purchases as the global downturn eroded disposable incomes and consumer confidence. Retailers were not the only ones hit. Dismal car sales meant lower demand for domestic manufacturers. Since the downturn was global, exports also crashed.
Although economic conditions have improved since the global financial crisis, industry manufacturers continue to face challenges. Hurdles include structural issues, poor demand, the high Australian dollar, soaring input prices and intensifying competition. Industry revenue is expected to decline at an annualised 0.9% over the five years through 2012-13 to reach $124.7 billion.
Retail sales are forecast to grow in the current year, especially in the household market... purchase to read more