Industry Analysis & Industry Trends
The Motor Vehicle Dealers industry has had a bumpy ride for the past five years, despite rebounding strongly after the global financial crisis. Industry revenue has declined, largely due to high fuel prices encouraging consumers to purchase smaller, cheaper and more fuel-efficient cars. As a result, dealerships have been selling higher volumes of cheaper small cars and lower volumes of more expensive large cars, resulting in per-unit revenue declining. Additionally, the combination of strong price competition, improved production efficiencies overseas, a reduction in the motor vehicle tariff and a high Australian dollar has forced overall prices down. While lower prices have benefited the industry by supporting demand, industry revenue is forecast to decline at an annualised 0.6%... purchase to read more
Industry Report - Industry Products Chapter
The industry's product segmentation reflects vehicles sold by motor vehicle dealers and does not include vehicle servicing or the sale of parts and accessories. The segmentation is based on all vehicle sales, which includes both new and used cars. The industry has been divided according to the types of vehicles sold by motor vehicle dealers, excluding commercial and heavy-duty trucks.
Sports utility vehicles
Sports utility vehicles (SUVs) feature a wagon-style body, high ground clearance, a light-truck chassis, and can have up to 12 cylinders of engine power. Despite a shift in consumer preference towards smaller cars, SUVs have remained stable as a share of revenue over the past five years... purchase to read more