2016-17 Industry snapshot: Motor vehicle wholesaling in Australia
With the end of the local car manufacturing in Australia, the demand for imported vehicles will fuel growth within the motor vehicle wholesaling sector. Increased demand is also the result of higher discretionary incomes, positive business confidence and an increasing demand for imported vehicles (particularly smaller vehicles and SUVs). Intense competition between dealers and pressure from manufacturers to clear stock reduces consumer purchase costs and profit margins for industry operators. (Source: Thomson, J. IBISworld. Aug 2017).
