Industry Analysis & Industry Trends
Motor vehicle manufacturers have been overwhelmed by import competition over the past five years. Production volumes have plummeted as consumer demand shifted away from locally manufactured vehicles, due to the greater fuel-efficiency of many imported vehicles. Importers have benefited from a high Australian dollar and tariff changes over the past five years. New car sales have steadily risen over the past five years, with growth attributable to imported vehicle sales. Industry revenue is forecast to fall by a compound annual rate of 2.9% over the five years through 2015-16, to reach $9.6 billion.
Local motor vehicle manufacturers have traditionally manufactured large cars... purchase to read more
Industry Report - Industry Investment Chapter
Manufacturing motor vehicles is a highly automated process, although labour is required on the assembly line. A large amount of capital investment is required for production line equipment and machinery. Most manufacturing processes involve repetitive activities that are automated to increase production speed and cost efficiency. Capital requirements for the industry have increased slightly over the past five years. There has been significant investment into plant and equipment upgrades, and in processing and product development. IBISWorld estimates that the industry spends $2.97 on wages for every dollar invested in capital... purchase to read more