SEMA eNews Vol. 13, No. 8, February 25, 2010

Government Restrictions Pose Largest Threat to Australia’s Specialty-Equipment Industry

SEMA News
recently talked with Stuart Charity, executive director of the nearly
30-year-old Australian Automotive Aftermarket Association (AAAA), and
Ben Bartlett, the AAAA’s national membership manager, about the
Australian specialty-equipment market amid increasingly positive news
that Australia is well on its way to an economic recovery.

There
are indications that the automotive industry there has begun to
rebound, and the Federal Chamber of Automotive Industries reported
growing vehicle sales—with particularly strong SUV sales—and overall
sales for 2009 were expected to reach up to 900,000.

Spurred by tax rebates for business purchases of vehicles and increased
purchasing as growing confidence by consumers increases, the sales gap
will be much less than feared just several months ago, although the
total isn’t expected to reach the record-setting 1.05 million achieved
in 2007. [Read More]

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