The Automotive industry encompasses a range of smaller industries that have performed variably over the five years through 2014-15. New car sales spiked in 2009-10, as the pent-up demand stemming from delayed purchases during the global financial crisis was released. Although falling since then, the continued strength of new car sales has led to growth for motor vehicle wholesalers and service agents, as they have been servicing an increasing number of vehicles on the road. However, local motor vehicle manufacturers have struggled, as consumers have looked to more affordable, fuel-efficient imported vehicles rather than petrol-guzzling locally manufactured cars.
The industry includes car manufacturers, parts suppliers, car dealers and mechanics. These companies are generally engaged in the design, research, development, manufacture, sale and maintenance of motor vehicles and parts. Motor vehicles refer to cars, utes, station wagons, SUVs and people movers sold to the public, businesses or the government. The report does not cover vans, motorcycles, buses or heavy commercial vehicles such as trucks.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.