BMI View: Low interest rates and tax cuts continue to drive the Australian new vehicle sales market to new
highs. This quarter, we maintain our 2016 sales forecast of 5.0% y-o-y growth, with commercial vehicles to
outperform passenger cars.
? Sal ..."
BMI View: This quarter, we are revising up our auto sales forecasts for 2016, reflecting lower interest
rates and the tax cuts announced in the 2016/17 Budget.
? We expect 5.0% new vehicle sales growth for 2016, up from 2.2% growth previously.
BMI View:We continue to believe that the combination of a slowing economy and a weakening Australian
dollar will make 2016 a challenging year for Australia's new vehicle sales market. We expect 2.0% sales
growth for the sector as a whole, with the industry also gearin ..."
? All three of the manufacturers producing cars in Australia - Ford Motor Company, Toyota Australia
and General Motors's Holden subsidiary - will cease local car and vehicle engine manufacturing
operations by 2017.
? The demise of local manufactu ..."
This is a professional and in-depth study on the current state of the Passenger Car Tires industry.
The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Passenger Car Tires marke ..."
Australian new vehicle sales continue to power ahead, in line with BMI's expectations. Over the first seven
months of 2015, there were a total of 670,735 new vehicles sold in Australia, representing a 3.2% increase
y-o-y. Looking specifically at July's figures, sports ..."
In 2014, Australia was the eighth largest passenger car market in APAC. The country had about 13.59 million passenger cars in use the same year, a growth of 17.97% from 11.51 million cars in 2007. In 2011, Australia had 482 passenger cars per 1,000 people, which depicts the co ..."
In March 2015, the Abbott government performed a major policy U-turn, by reversing its previous plan to
cut AUD900mn in subsidies to carmakers and auto component manufacturers, according to a report by
Bloomberg. This followed the decision by the Senate to block these ..."
The implementation of the Japan-Australia Free Trade Agreement on January 15 2015 sounds the death bell
for Australia's already faltering autos industry, as Japanese-made cars become even more competitive
relative to their locally-produced counterparts. The FTA calls ..."
As of end-October 2014, Australian new vehicle sales stood at 924,189 units, down by 1.9% year-on-year
(y-o-y), according to figures from the Australian Federal Chamber of Automotive Industries (FCAI). As
such, BMI is happy to maintain its forecast of a 1.4% contracti ..."