In Australia, the industry remains a key driver of the domestic economy despite considerable contraction in the sales and profitability of locally produced vehicles in recent years as Australian manufacturers compete with cheaper imports and a proliferation of brands.
Government intervention is a salient feature of the local industry and remains critical as the automotive sector navigates through a period of unprecedented turmoil and transformation. In an effort by government to stimulate investment in new capacity and ‘green’ technologies, the launch of A New Car Plan for a Greener Future will bring the total level of industry assistance to $6.2 billion between 2008-09 and 2020-21.
To prosper — indeed, just to survive — in such a demanding environment, industry participants are being forced to develop more flexible business models and embrace new management tools and skill sets.
The global automotive market is diverse. It ranges from original equipment manufacturers (OEMs) and component manufacturers, to dealerships, importers and commercial vehicle manufacturers. KPMG’s Australian Automotive industry practice advises clients with a range of critical company and industry matters, including:
- reporting and regulation
- climate change and sustainability
- research & development tax concessions, grants and ACIS
- plant location analysis, closures and relocations
- mergers, acquisitions and asset disposals
- restructuring and debt advisory
- market entry and expansion
- dealer diagnostics and benchmarking
- demographic analysis
- supply chain optimisation.
Our Australian practice is part of KPMG’s international automotive advisory network covering North America, Mexico, the EU, and all the major Asian industry centres.