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Australia motor vehicles market valued at A$68.6Bn in 2010

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Motor Vehicles, Trailers and Semi-trailers in Australia: ISIC 34 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-02 01:23:02
Growing by a net 20% over 2000-2010, Australian manufacturing of motor vehicles, trailers and semi-trailers is set to face pressure from high supply costs and an increasing consumer preference for fuel-efficient cars, decreasing the local industry´s competitiveness. The Australian market was valued at A$46.8 billion in 2000.

Over the decade, it saw net 47% growth to reach A$68.6 billion in 2010. The market saw the largest decline of 13% year-on-year in 2009 due to the high sensitivity of motor vehicle sales to the economic downturn. Interestingly, the largest year-on-year growth of 13% came in 2010 as the market appears to have left the downturn behind rather quickly.

Households were responsible for a 37% value share of total market purchases on average, followed quite closely by business customers, representing a 31% value share. A 30% value share of demand was created by capital purchases, and the government was the smallest customer with a minuscule 2% share.

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