Industry Analysis & Industry Trends
The Automotive industry encompasses a range of smaller industries that have performed variably over the five years through 2014-15. New car sales spiked in 2009-10, as the pent-up demand stemming from delayed purchases during the global financial crisis was released. Although falling since then, the continued strength of new car sales has led to growth for motor vehicle wholesalers and service agents, as they have been servicing an increasing number of vehicles on the road. However, local motor vehicle manufacturers have struggled, as consumers have looked to more affordable, fuel-efficient imported vehicles rather than petrol-guzzling locally manufactured cars. Due to these contrasting effects, industry revenue is expected to rise by an annualised 0.3%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Automotive industry is in the mature phase of its life cycle, although different areas within the industry are performing at different levels. Motor vehicle manufacturers and parts manufacturers are projected to decline over the 10 years through 2019-20. The strong Australian dollar and a lack of economies of scale in the domestic market have pushed Toyota, GM Holden and Ford to announce that they will cease local manufacturing operations over the next five years.
In contrast, demand for aftermarket parts is retaining its strength, while high consumer demand for cheaper imported vehicles has led to growth for motor vehicle wholesalers and dealerships... purchase to read more