Industry Analysis & Industry Trends
Import competition has overwhelmed the Motor Vehicle Manufacturing industry over the past five years. Production volumes have plummeted as consumer demand has shifted away from locally manufactured vehicles due to the greater fuel-efficiency of many imported vehicles. Importers have benefited from a strong Australian dollar over the majority of the past five years and several free trade agreements coming into effect. Despite new car sales rising steadily over the past five years, much of the growth has been attributable to imported vehicle sales. As a result, industry revenue is forecast to fall by an annualised 2.9% over the five years through 2015-16, to total $9.6 billion.
Local motor vehicle manufacturers have traditionally manufactured large cars... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Motor Vehicle Manufacturing industry is in the decline stage of its life cycle. Industry value added (IVA), which measures an industry’s contribution to the economy, is forecast to decline at an annualised 17.6% over the 10 years through 2020-21. This represents a significant underperformance of overall GDP, which is projected to rise at an annualised 2.6% over the same period, and indicates the industry’s contribution is declining. The major cause of the drastic IVA decline over the next five years will be the exit of Toyota, GM Holden and Ford from the industry... purchase to read more