The Australian Automotive industry is growing due to rising new car sales, improved household disposable income and increased affordability of new cars. This growth has benefited new vehicle wholesalers and dealers in particular and also the automotive repair and maintenance sector. Growth has stalled somewhat with the closure of Australia’s largest automotive manufacturers (Toyota, Holden and Ford) who were negatively impacted by changing consumer demands and by having higher manufacturing costs than international manufacturers.
The industry going through a period of rapid change as it attempts to stay abreast of new car technology and changing consumer preferences with a skills shortage impacting some sectors. Consolidation and specialisation is likely to increase. (Source: Windle, P. IBISworld. Jan 2017).