JAXQuickfit Tyres & Wheels Blog » automotive industry http://www.jaxquickfit.com.au/blog JAXQuickfit Tyres & Wheels Blog Wed, 08 Feb 2012 01:28:26 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 The Australian Economy & The Automotive Industry http://www.jaxquickfit.com.au/blog/2009/06/the-australian-economy-the-automotive-industry/ http://www.jaxquickfit.com.au/blog/2009/06/the-australian-economy-the-automotive-industry/#comments Fri, 19 Jun 2009 07:13:30 +0000 admin http://www.jaxquickfit.com.au/blog/?p=113

As is common knowledge, many industries have been severely affected by the recent global economic downturn, particularly the automotive industry.Global Financial Crisis

When making its new vehicles sales prediction for 2009, the Federal Chamber of Automotive Industries (FCAI) took into account the impact the financial crisis is having on the broader economy and predicts that 880,000 vehicles will be sold during this year, a significant decrease of 13 per cent when compared to 2008.

Yet even more worrying for the Australian automotive industry is that recent sales figures from May indicate a serious decline in new vehicles sales with only 352,374 vehicles sold this year-to-date, down 19.2 per cent when compared to the same period in last year.

There were 14.8 million motor vehicles circulating in Australia at the end of last year, an increase of 3.5% when compared to 2007, with an average age of 10 years. The downward trends in 2009 indicate motorists are retaining their existing vehicle rather than replacing it with a new model.

Globally there is a large fall in demand for tyres from vehicle manufacturers who are experiencing a significant downturn in vehicle sales. Tyre retail outlets on the other hand expect sales to remain buoyant due to motorists investing in tyre replacements for their current vehicle.

When you think about it, your tyres are the only contact between you and the road and, therefore, it is imperative that they are regularly maintained to the correct pressure, rotated periodically and replaced at the latest when they reach their legal limits. Many large tyre producers are attempting to persuade local governments to raise legal limits to a minimum of 3mm to ensure safety during wet weather driving – this is a good indication of when to consider replacing your tyres.

Money invested in tyres is money well spent, as it means you will not compromise the safety of you, your family, loved ones and other road users… It is never worth risking your own life and the safety of others by delaying the replacement of your tyres.

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