This report examines and compares the Australian Listed Dealer Groups financial results for the 12 months to December 2016.
The 2016 calendar year for the Australian Motor Industry was a year of two halves. Sales volumes for the first 6 months grew by 3.2 percent on the previous corresponding period (pcp). Growth for the last 6 months was flat, increasing by only 0.8 percent on the pcp. This report also considers the outlook for the remainder of the 2017 calendar year and the current market conditions which are proving to be tough, however, profit remains for better-than-average operators.
Australia’s new motor vehicle sales increased by 2.0 percent in 2016 to 1,175,376 units compared to 2015. The sales increase during 2015 on its previous corresponding period (pcp) was 3.5 percent. Whilst growth reduced in 2016, it still represented a record year of sales, exceeding the previous record year of 2015 (1,152,873 units).