New Market Research Report: Australia Autos Report Q4 2015

From: Fast Market Research, Inc.
Published: Wed Sep 09 2015

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 utility vehicles (SUVs) showed a 13.4% annual increase in sales to now account for over 35% of the total new car market. Light commercial vehicles (LCVs) also showed steady growth, of 4.7% y-o-y, with both of the above sub-segments gaining at the expense of passenger cars (PCs), whose sales fell by 4.7% y-o-y in July.

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Commenting on the July sales figures, the chief executive of the Federal Chamber of Automotive Industries (FCAI), Tony Weber, highlighted the change that Australia has witnessed in its fleet mix over the past decade. According to Weber, passenger cars accounted for over 60% of new vehicle sales 10 years ago. Now, LCVs and SUVs account for over 50% of the market, with passenger cars at 45%.

Against this continued positive sales backdrop, BMI maintains its forecast of 2.7% sales growth for the new vehicle sales market as a whole in 2015, with perhaps some slight upside risks to this forecast. We continue to anticipate stronger growth from the PC/SUV segment (+3%) than the CV segment (+1.4%)

The Australia Autos Report features the latest data and forecasts covering production, sales, imports and exports.

BMI Research's Australia Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Australia.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Australia to test other views - a key input for successful budgetary and planning in the Australian automotives market.
* Target business opportunities and risks in the Australian automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Australia.
* Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.


BMI Industry View

Summary of BMI’s key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the autos sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end- 2019 for all key industry indicators (see list below), supported by explicit assumptions plus analysis of key downside risks to the main forecast, including:

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Contact Name: Bill Thompson
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