If Australian and New Zealand companies needed a reminder of the obstacles in doing business in China, events in mid-April were timely.
Earlier this month, Australia’s Deputy Prime Minister, Barnaby Joyce, called on Australia’s superannuation funds to invest more in the agriculture sector. The Deputy PM’s comments were well timed and echo the view PPB Advisory has put forward for some time.
In this update, we analyse March 2016 vehicle sales.
Overall vehicle sales for March 2016 have fallen 1% year-on-year (YoY). Locally manufactured vehicle sales continued to deteriorate due to declines from all three local manufacturers. Year-to-date (YTD) vehicle sales are up 3% with 7,734 more sales than last year.
In this update, we analyse February 2016 vehicle sales.
Overall vehicle sales continue to grow, up 5% year-to-date (YTD) with 180,816 sales. February sales were up 7% year-on-year (YoY) with buyers continuing to favour imported vehicles over locally manufactured ones.
The Australian dairy industry has experienced a difficult 12 months on the back of falling global dairy prices and unfavourable seasonal conditions. Despite these challenges, the Australian environment remain stronger than those experienced in New Zealand. The Dairy Update provides commentary on our key observations within the industry.
Three per cent growth in new vehicle sales gives 2016 a jumpstart, with imported vehicles leading the way.
In this Insight, we:
• provide an update on the Senate Economics Reference
Committee’s final report into the Automotive Transformation
• outline the Victorian Government’s latest automotive package
• analyse new vehicle sales for 2015, another record sales year.
New Australian vehicle sales broke through the one million mark this month and are heading toward a new all-time annual sales record, surpassing the 1,136,227 vehicles sold in 2013.