2016-17 Industry snapshot: Motor vehicle new parts wholesaling in Australia
The motor vehicle new parts wholesaling industry has two major markets: motor vehicle manufacturers and the service parts aftermarket. The decline in activity and the impending closure of Australia’s largest local motor vehicle manufacturers (Toyota, Holden and Ford) has significantly reduced demand for new motor vehicle parts. However, as the Australian motor vehicle fleet continues to grow and disposable incomes increase, the demand for motor vehicle new parts is expected to continue. Regardless of this growth, it is projected that some industry players will be forced out of the industry. (Source: Wu, T. IBISworld. Jan2017).