Financial pressures, industry restructuring, changing consumer preferences, fluctuating fuel prices and the growing demand for more ‘eco friendly’ vehicles are transforming the world’s automotive industry. 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.
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.
How KPMG can help
KPMG’s Australian Automotive industry practice advises clients with a range of critical company and industry matters, including:
Climate change and
R&D tax concessions,
grants and ACIS
Plant location analysis,
closures and relocations
and asset disposals
Dealer diagnostics and benchmarking
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.
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Read the latest KPMG thought leadership and insights related to Automotive.