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Car for sale Industry in Australia by Motorand marine





Article Author Biography
Car for sale Industry in Australia by
Article Posted: 04/19/2013
Article Views: 86
Articles Written: 38
Word Count: 518
Article Votes: 0
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Car for sale Industry in Australia


 
Automotive
The auto industry is the largest manufacturing industry in Australia. With a federal budget allotment of about $3.5 billion, the industry can get the boost it wants and help minimize the deficits that are looming around. The car industry is made of three multinational car makers that have no Australian shareholders and they can easily close down when ever they want with no harm done. But at a closer look, one finds that behind these companies, there are about 200 Australian as well as international parts makers. Thus these auto companies are directly and indirectly, creating jobs in the vehicle industry in Australia. So, when you look at any car for sale Australia, you knew exactly who all are behind the model you are buying.

It would not be a good idea to shut down the Automotive Transformation Scheme. It will not only strip away those billions in budget allocation but also create massive unemployment in Australia. Critics are of the view that the budget allocation funds will be like 'dead money, if it were dispersed to the industry, as there is hardly going to be any returns for the government. But the scenario is not sp dismal and there is other side of the coin too. For instance, there is little attention paid to the beneficial side of the cost to benefit ratio. According to auto auto critics, billions worth of economic activity has been generated in the past couple of year and this is truer of the car for sale service providers and component-making companies.

Any help given to the assemblers and parts makers, makes handsome returns for the taxpayer. Australian assistance currently is the lowest when compared to other 20 countries. If the complete ATS fund of $3.35 billion gets allocated over the next 10 years, the taxpayers by 2020 get a return of up to 400 % on their investments and these numbers are based on probable income tax payments. Some Indicative calculations show that vehicle assemblers and suppliers will make the wages bill for the industry to about $3.5 billion and the federal government gets income tax amounting to about $700 million a year. Thus the industry of car for sale is a profitable venture, according to the economists.

Economists argue that care should be taken to see that the assistance does not lead to misallocation. If one assisted industry shuts down, another will spring up. The current environment and industry for car for sale Australia is on a shaky plateau. No new factories are coming up in Australia, except for Toyota, that has recently set up an engine plant.

Toyota car for sale hold the first place in Australia, followed by Mazda3. These two brands hold a firm position in car sales. Australian pick-up trucks, Utes are gradually making their presence felt in the sale figures. Hilux, too have managed an unbelievable achievement in the past couple of months. Other top selling models are Navara, Ford Ranger and the Colorado. Looking for these top cars for sale in Australia, it would be interesting to watch where the industry goes.

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