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 Locations Chapter
In general, industry enterprises are distributed across Australia in line with the spread of the population and the distribution of motor vehicles. A large portion of enterprises are therefore located in New South Wales, which also holds the largest population. Victoria has the second-highest number of enterprises, also in line with population balance and its share of motor vehicles.
New South Wales and Victoria account for an estimated 55.9% of motor vehicle dealer enterprises in Australia. However, these states are slowly losing market share to regions such as Queensland and Western Australia... purchase to read more