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Industry Activity

2016-17 Industry snapshot: Passenger car rental and hiring in Australia

Growth in the passenger and car rental industry is due to higher domestic and international tourist numbers. Increased tourism activity has been fueled by the weakened Australian dollar and growing wealth in Asia. Competition within the sector is high as consumers’ access price comparison websites. (Source: McGregor, W. IBISworld. Aug 2017)

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2016-17 Industry snapshot: Fuel retailing in Australia

Despite the volatility of crude oil prices, profitability within the fuel retailing sector is continuing. Diesel sales are increasing but petrol is the highest seller. Industry ownership is fluid as fuel retail outlets are being sold by petrol companies to supermarket chains. Profitability may be impacted as consumers adopt vehicles with alternative drive trains (i.e. electric powered). This is offset by the growing numbers of Australian registered vehicles requiring fossil fuels. (Source: Magner, L. IBISWorld. Feb 2017)

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