The AADA commissioned the Centre for International Economics to undertake analysis of Australia’s past, current and future automotive trading partners, with a particular focus on understanding how the New Vehicle Efficiency Standard impacts automotive dealers (AADA members).
The report reveals that not only is China gaining momentum in supplying vehicles to the Australian market, but they are also on track to become the dominant source of automotive imports from 2035 with 43 per cent of all new vehicles sold coming from China.
The research details how the Australian automotive market has always been in a constant state of flux but this rapid growth of imports from China will fundamentally change the Australian automotive landscape.