Industry Analysis & Industry Trends
The Motor Vehicle Dealers industry has had a largely steady ride over the past five years. High fuel prices early in the period encouraged consumers to purchase smaller, cheaper and more fuel-efficient cars. Dealerships have therefore been selling higher volumes of cheaper small cars at the expense of more pricey large cars, resulting in per-unit revenue declining. Additionally, the combination of strong price competition, improved production efficiency overseas, a reduction in tariffs on Korean and Japanese vehicle imports, and a high Australian dollar for the majority of past five years has forced overall prices down. Lower vehicle prices have benefited the industry by supporting demand growth, with industry revenue forecast to rise at an annualised 1.5%... 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, including 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. SUVs have increased as a share of revenue over the past five years. This is largely due to their popularity among upper-middle-class consumers, in addition to their reputation as safe and comfortable family cars... purchase to read more