Industry Analysis & Industry Trends
Over the past five years, the Australian Fleet Car Leasing industry has had its highs and lows in line with volatile business and government activity. The resources boom was not enough to hold back the economic pressures from a global downturn. As such, businesses contributed less to demand for the Fleet Car Leasing industry as most worked to cut back expenses, with business activity faltering. On the other hand, large cashed-up mining and resources companies are inclined to directly purchase and alter entire fleets of vehicles rather than commence leases. As a result, industry revenue is expected to decline at an annualised 2.1% over the five years through 2012-13 to total $1.14 billion... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entering the Fleet Car Leasing industry are moderate. The largest operators benefit from scale. New entrants need to achieve similar scale to compete with incumbents. The industry also has high capital costs in the form of fleet purchases. New entrants must win contracts with customers, which can be difficult considering the long-term nature of leases.
Moreover, industry operators must invest in fleet maintenance and storage. Vehicles are subject to regulations regarding safety, fuel consumption and pollution control. Additionally, firms must follow stringent rules regarding fuel and oil storage, oil disposal and disposal of other hazardous materials intrinsic to fleet maintenance. Abiding by these regulations requires money and regulatory expertise... purchase to read more