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Recently released market study: Australia Autos Report Q3 2010

Recently published research from Business Monitor International, "Australia Autos Report Q3 2010", is now available at Fast Market Research

 
PRLog - Jun. 18, 2010 - We expect a 5% rise in new vehicle sales in 2010, to a total of just below 980,000 units. This forecast may appear conservative, given that the first three months of 2010 generated total new vehicle sales in Australia of 251,827 units, up 18.2% y-o-y, according to the Federal Chamber of Automotive Industries (FCAI). However, interest rate hikes are likely to put a brake on sales; a fact acknowledged even by the FCAI. Commenting on the sales figures for March 2010 (up 25.2% y-o-y, to 94,744 units), FCAI Chief Executive Andrew McKellar said: 'with warnings of further interest rate rises, private buyers should move to take advantage of the current rate levels.' In early April 2010, the central bank increased its key interest rate by 0.25% to 4.25%. Further rate increases are most probably in the pipeline, as the central bank seeks to keep a lid on inflation, which is becoming an increasing threat, as a result of the economic recovery. Base effects are also likely to constrain y-o-y % growth later in the year.

Vehicle production in Australia reached 223,354 units in 2009, according to the FCAI, down 32% on the 329,556 produced in 2008. Although the global economic downturn is clearly partly to blame for this poor performance, the withdrawal of Mitsubishi Motors from local production also played a significant role. We are cautiously optimistic for the industry in the longer term, based on initiatives by both the government and manufacturers to develop large-scale production and increase use of fuel-efficient vehicles. We expect growth in vehicle production in Australia of between 4% and 5% per annum during the remainder of our forecast period to 2014.

In April 2010, the Australian government appeared to rule out providing incentives for consumers to buy electric vehicles or hybrids. Senator Kim Carr, the Minister for Innovation, Industry, Science and Research, told the Sydney Morning Herald: 'the most rapid and cost effective way of improving fuel economy and building more environmentally effective cars is to adapt technologies that are being deployed now.' He added the government was of the view that developing existing technologies for diesel, petrol and LPG engines would be more likely to yield results, than providing incentives for electric vehicles. This position comes despite the policies of the cities of Melbourne, Sydney and Perth, which are all prioritising the development of facilities to support electric vehicles.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/67667_australia_autos_report_q...

Report Table of Contents:

Executive Summary
SWOT Analysis
- Australia Auto Industry SWOT
- Australia Political SWOT
- Australia Economic SWOT
- Australia Business Environment SWOT
Asia Pacific Regional Overview
- Asian Auto Sector Becomes The Sum Of Its Parts
Business Environment Ratings
- Table: Business Environment Ratings - Auto Industry Asia Pacific
Industry Forecast Scenario
- Production And Sales
- Table: Australia Auto Sector - Historical Data And Forecasts (CBUs unless otherwise stated)
- Trade
- Table: Australia Auto Sector - Historical Data And Forecasts (CBUs unless otherwise stated)
- Economic Contribution
- Table: Australia Auto Sector - Historical Data And Forecasts (CBUs unless otherwise stated)
Macroeconomic Forecast Scenario
- Table: Australia - Economic Activity
Competitive Landscape
- Table: Australia - Vehicle Production
- Table: Australia - Top 10 Vehicle Sales, Jan-Oct 2009
- Company Developments
- Alternative Fuels
- Commercial Vehicle Segment
- Table: Australia - Commercial Vehicle Market, 2003-2009
- Suppliers
Company Monitor
- Geely Strategy Supports BMI View
- Table: South Korea - Imported Luxury Vehicle Sales
Company Profiles
- Toyota Motor
- GM Holden
- Ford Motor
Country Snapshot: Australia Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2012
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 2000-2012
BMI Methodology
- How We Generate Our Forecasting Model
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Industry:Transportation, Automotive, Shipping
Tags:vehicle, auto, fcai, cbus, electric, bank, ratings, Asia, motor, incentives
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