Australia Autos Report Q4 2016

Australia Autos Report Q4 2016

Published: September 2016
Publisher: BMI Research
Product ref: 262250
Pages: 39
Format: PDF
Delivery: Immediate download

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BMI View: Low interest rates and tax cuts continue to drive the Australian new vehicle sales market to new highs. This quarter, we maintain our 2016 sales forecast of 5.0% y-o-y growth, with commercial vehicles to outperform passenger cars.

Key Views
• Sales figures for 7M16 bear out our view that 2016 will be another record-breaking year for Australian new vehicle sales.
• We would anticipate the three remaining local automakers (Toyota, Holden and Ford) to offer strong sales promotions as they near the end of local auto production in 2017.
• There continues to be a move by consumers away from the sedan passenger car models that were previously the mainstay of Australian motoring, either down towards smaller compacts or across into medium or large SUVs.

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By market: Australia (in Oceania)

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