Motor Vehicle Dealers in Australia - Industry Market Research Report
Description
Motor Vehicle Dealers in Australia
Motor vehicle dealers have faced difficult trading conditions over the past five years. Weaker demand stemming from uncertain economic conditions, tighter lending restrictions and weak wage growth has negatively affected dealers. The COVID-19 pandemic exacerbated this trend, as lockdowns and social distancing greatly restricted industry demand and supply. Overall, revenue has grown at an annualised 0.2% over the five years through 2022-23, to $64.7 billion. This includes a rise of 17.1% in 2022-23 alone, as consumers catch up on purchases that were delayed by the pandemic and the industry sees increased pricing after more than two decades of declines. Increased logistics costs and vehicle shortages have swollen prices. By passing on freight costs and capitalising on weak supply, dealers have increased profit margins.
The industry includes dealerships that primarily sell new or used motor vehicles to consumers, companies and government entities. Industry firms also offer after-sale services for motor vehicles.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Motor vehicle dealers have faced difficult trading conditions over the past five years. Weaker demand stemming from uncertain economic conditions, tighter lending restrictions and weak wage growth has negatively affected dealers. The COVID-19 pandemic exacerbated this trend, as lockdowns and social distancing greatly restricted industry demand and supply. Overall, revenue has grown at an annualised 0.2% over the five years through 2022-23, to $64.7 billion. This includes a rise of 17.1% in 2022-23 alone, as consumers catch up on purchases that were delayed by the pandemic and the industry sees increased pricing after more than two decades of declines. Increased logistics costs and vehicle shortages have swollen prices. By passing on freight costs and capitalising on weak supply, dealers have increased profit margins.
The industry includes dealerships that primarily sell new or used motor vehicles to consumers, companies and government entities. Industry firms also offer after-sale services for motor vehicles.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
40 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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