This report from KPMG's Motor Industry Services group examines and compares the Australian Listed Car Dealer Groups financial results for the 12 months to June 2017.
The big are getting bigger and at the same time are preparing their business for the market and regulatory changes affecting the automotive industry.
The last 6 months have seen the appetite for growth continue for the listed entities with an overall 11.3 percent growth in revenue over the period. With a static overall market volume, this growth has come from the lock in of acquisitions made prior to the 2017 and the impact of acquisitions made during the period.
The coming 12 months will see the first real impact of the alternate fuel vehicles on dealer performance. With global governments now fully mandating zero emission vehicles by set dates, the large original equipment manufacturers (OEMs) have fully integrated the change with most new full model ranges offering a zero emissions alternative in the coming 3 years.
As the clock ticks to ‘zero emissions day’, the impetus for change will start to appear.
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