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Driver rescued after car was submerged in Baltimore highway underpass

Shantay Allen was going home after visiting a friend in East Baltimore when she drove through an underpass that was filling with water. The car in front of her stalled, then water began seeping into Allen’s car.

Allen said she had to think quickly to get out of the car, climb on top and begin livestreaming on Facebook as her car became submerged in a mix of water and raw sewage. She was later rescued by a Baltimore Fire Department dive team.

The incident happened as quick downpours caused flash floods across the Baltimore region Tuesday afternoon. Downpours dumped between 1 and 3 inches of rain on parts of the Baltimore region, including Ellicott City, on Tuesday, prompting the National Weather Service to issue flash flood warnings.

They urged drivers to avoid flooded roads. Most flooding deaths occur when people become trapped in vehicles.

Bank of England agents issue car finance warning

Bank of England agents issue car finance warning

Article source: https://www.ft.com/content/ca217380-81b0-11e7-94e2-c5b903247afd

Race Junk, Going Cheap: Skip Barber Racing School Selling Off Assets

Race Junk, Going Cheap: Skip Barber Racing School Selling Off Assets

After 40-plus years in the business of grooming the skills of drivers and racers around the country, Skip Barber Racing School filed for bankruptcy in May. Now we’ve learned that the school’s assets will be auctioned off over a three-month period starting August 29 in Braselton, Georgia.

The auction was announced by Liquid Asset Partners of Grand Rapids, Michigan, the entity tasked with selling SBRS’s stuff, and it will include most or all of the physical assets owned by the “Skippy schools.” This includes engines, transmissions, spare parts for its training vehicles, and race equipment. It also includes hundreds of vehicles, including semi-trailers, trucks, and lots and lots of chewed-up sports cars, including Mazda MX-5 Miatas, Ford Mustang GTs, and Porsche 911s. We think the school’s collection of open-wheel training cars could be of particular interest to amateur racers interested in taking their endeavors to the next level.

Also set to cross the auction block, according to the company, are some historic vehicles that, depending on their condition and actual history, might be of interest to collectors.

Liquid Asset Partners is also offering the Skip Barber Racing School brand name for licensing or outright sale to anyone who could make use of it. “The demand for Skip Barber Racing School training is very high, and it’s amazing how most men know the Skip Barber Racing School as the best of the best,” said Liquid Asset Partners owner Bill Melvin in the company’s press-release pitch. “It just needs the right structure for it to grow for another 40-plus years.”

Interestingly, since SBRS’s 11 partner racetracks around the country are said to be among the entities to which SBRS owes serious debts, one of the chief beneficiaries of the Skip Barber Racing School liquidation could be Skip Barber himself. Barber, now 80, relinquished ownership of his racing-school enterprise in 1999 but has owned one of the school’s partner racetracks, Lime Rock Park, since 1984.

Despite the bankruptcy, Skip Barber is probably the most recognizable name in advanced driver education. We’ll be watching to see if anyone is willing to give the school another green flag. In the meantime, if you’re looking to pick up a well-used sports car, more information about the auction can be found here.

Skip-Barber-Liquidation-Sale-REEL

Article source: http://blog.caranddriver.com/race-junk-going-cheap-skip-barber-racing-school-selling-off-assets/

Flash Flood Auto Club, National Jeep of Springfield to host car show fundraiser

SPRINGFIELD – It’s been nearly two years since brothers Rene Andino and Jeremy Lebron got together with their mom, sister and friends to form Flash Flood Auto Club, a car club with a mission.

The club put together their love of cars and their desire to help the community, organizing car show fundraisers to help local organizations like the American Cancer Society, the Bilingual Veterans Outreach Center and more.

“It has always been about helping the community and giving money to organizations that help people,” said Andino, president of the club.

This weekend, Flash Flood Auto Club is collaborating with National Jeep of Springfield, another service-oriented auto club, to raise money for two Springfield women dealing with life-threatening illnesses.

“We want to do something to help these women,” said Victor Jimenez, a member of National Jeep.

Proceeds from the car show, which will be held in the Eastfield Mall parking lot on Sunday from 12-7 p.m., will benefit Adneris Alicea and Rosie Andino.

National Jeep of Springfield. 

Alicea, 28, was diagnosed with breast cancer in 2015. She underwent a double mastectomy and was in remission, but has since been diagnosed with a brain tumor.

“It’s a very serious situation and her medical bills are too much for her to handle,” said Wanda Pierce, a founding member of Flash Flood Auto Club. “National Jeep reached out to us because they really wanted to do something for her, so we are combining it with our fundraiser for my niece Rosie.”

Rosie Andino is a single mother of four who recently had emergency open heart surgery. A founding member of Flash Flood, Rosie Andino is the club’s enforcer.

“She makes sure everyone is following the rules of the club and representing us properly. Everyone loves her so much and this was just a sudden thing that happened to her,” Pierce said. “Since the surgery she has been out of work and she is the sole provider for her children.”

The cost for showing a car at the show is $20. The admission price is $10 per vehicle.

Rene Andino and Lebron said one of the goals of the car shows is to provide family-friendly entertainment.

“There is going to be a lot for families to do. There will be food, music, face painting, a raffle and we always have a surprise for people, too,” Lebron said.

For more information on the show, or to become a sponsor or a volunteer for the event, visit Flash Flood’s Facebook page, Facebook/FlashFlood413.

Article source: http://www.masslive.com/news/index.ssf/2017/08/flash_flood_auto_club_national.html

TRANSPORTATION & LOGISTICS BRIEFING: Auto suppliers bearish on electric cars — Robot "swarms" in …

Welcome to Transportation Logistics Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting transportation and delivery, produced by BI Intelligence.

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Have feedback? We’d like to hear from you. Write me at: jcamhi@businessinsider.com.


MAJOR AUTO SUPPLIERS BEARISH ON INDUSTRY SHIFT TO ELECTRIC CARS: In the past month, executives from several of the largest auto parts suppliers in North America have warned that the auto industry’s shift towards electric vehicles will be slower than many expect, IndustryWeek reports. Tesla’s market value has skyrocketed past traditional carmakers, some of whom are now racing to respond with new electric vehicle models of their own. This has stoked speculation that production of electric vehicles will rapidly accelerate in the coming years, putting many more electric cars on the road.

Auto parts suppliers including American Axle  Manufacturing, Magna International, Delphi, and BorgWarner Inc. warn that this shift toward electric vehicles will take decades, not years. The reason is that they aren’t seeing demand to justify the current hype on electric cars. Rather than a spike in electric vehicle production, suppliers see automakers gradually shifting production towards a wider range of engine systems, with hybrid playing a bigger role. Delphi CEO Kevin Clark predicted last week that only 5% of new cars will be purely electric in 2025, with about 30% featuring hybrid gas-electric systems. 

The adoption of more hybrid and electric vehicles will have significant impact on the penetration of digital technologies into the automotive industry.

  • Automakers typically introduce new connected car features in their electric and hybrid models first before expanding them to gas-powered ones, as buyers of electric vehicles skew younger and more tech-savvy. 
  • Additionally, self-driving car technology is most compatible from an engineering perspective with electric vehicles because they’re easier for computers to drive.

The transformation presents a significant revenue opportunity for technology players and automotive startups looking to disrupt the industry. PwC predicted late last year that tech companies and startups providing automotive sensors, networking, and data and analytics capabilities will capture $120 billion — or more than 20% — of the auto industry’s profits. That enormous opportunity could be limited if sales of electric and hybrid models featuring these technologies don’t flourish. However, as the cost of these technologies gradually declines, their appeal to younger consumers could become an increasingly significant selling point, turning connected and self-driving technologies into a driver of electric car sales.

Self Driving Cars ForecastBII

WAREHOUSE ROBOTICS STARTUP LANDS NEW FUNDING FOR “SWARM” TECHNOLOGY: HDS Global, a warehouse automation startup, scored $10 million in funding from Ingram Micro, a global technology reseller and supply chain solutions provider that has been helping major retailers like Walmart with online delivery, The Wall street Journal reports. The deal will give Ingram Micro exclusive use of HDS’ warehouse automation technology to help lure more retail clients.

HDS’ software program, dubbed RoBoFS, allows different robots to “swarm,” or coordinate their actions to perform complex tasks in unison. For instance, the system could coordinate actions between different types of robots responsible for moving goods around a warehouse, packing them into boxes for shipment, and loading the packages on to trucks. The company will test the technology later this year with more than 100 different robots working together in a single warehouse facility. Ingram Micro hopes to install the software in one of its own warehouses in 2019.

This type of “swarming” capability is critical for warehouses to become increasingly automated with a wider array of mobile and stationary robots, drones, and autonomous forklifts and other vehicles. With all of these different types of robots presumably coming from different startups andmanufcaturers, warehouse operators will need programs that let the machines communicate with each other and work together. As warehouse facilities add more of these systems, this software can help cut down on the labor and resources required to integrate them, allowing facilities to more easily install and upgrade robotics systems. That could help cut the cost of fulfilling orders by up to 40%, HDS’ founder Louis Borders told the WSJ.

Systems like DHS’ will be in increasingly high-demand as warehouse operators face growing cost pressures and new types of robots are developed. The rise of e-commerce is fueling warehouse expansion, and the cost of warehouse labor is also rising, pushing companies to automate more warehouse tasks. New types of warehouse automation, such as robots that use sensors to pick out individual items for packaging, are also coming closer to fruition. So any tools that can smooth the transition to further automation will be highly attractive to warehouse operators.

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TARGET TO ACQUIRE GRAND JUNCTION TO SPEED UP DELIVERIES AND FEND OFF AMAZON: Target announced this week that it plans to acquire Grand Junction, which provides a software platform to help companies coordinate last-mile delivery, the final and most expensive part of the delivery process when an order reaches the customer’s doorstep. The deal will give Target access to Grand Junction’s platform and network of more than 700 regional and local shipping carriers to help the retailer expand its same-day delivery capabilities.

Grand Junction’s platform leverages algorithms that choose the fastest and most efficient delivery method for an order from among its network of carriers. Target plans to use this capability to expand a same-day delivery test pilot it has been running at a store location in New York City’s Tribeca neighborhood. The pilot, which Target is running in partnership with Grand Junction, allows in-store customers to have their shopping bags delivered to their apartment, rather than carrying them home themselves. With the acquisition, the big-box retailer said that it plans to expand the same-day delivery program to other New York City stores later this year, and then to other cities in 2018.  

Amazon is pushing Target and other big-box retailers to expand their same-day delivery offerings. While Target already provides same-day grocery delivery in San Francisco, Chicago, and the Twin Cities area through a partnership with Instacart, Amazon will likely use some locations of soon-to-be-acquired Whole Foods to expand its own grocery delivery program. That, in turn, would put pressure on retailers like Target with significant business in the grocery and Consumer Packaged Goods (CPG) categories to offer speedy online delivery. That’s because consumers are not willing to wait long for these goods when they order them online, making speeding up last-mile deliveries a more significant priority for these retailers and their logistics partners.

 

Article source: http://www.businessinsider.com/auto-suppliers-bearish-on-electric-cars-robot-swarms-in-warehouses-target-looks-to-speed-up-deliveries-2017-8

The Biggest Loser: Advance Auto Parts Plummets 20%

Advance Auto Parts (AAP) tumbled to the bottom of the SP 500 today after reporting weaker-than-expected earnings and sales.

Advance Auto Parts dropped 20% to $87.08 today, while the SP 500 finished little changed at 2,464.61. Competitors O’Reilly Automotive (ORLY) and AutoZone (AZO) fell 1.2% to $196 and 1.7% to $516.13, respectively.

BTIG’s Alan Rifkin and Marvin Fong explain why they’re sticking with their Sell rating:

AAP reported 2Q17 operating EPS of $1.58 on a 0% comp vs. our estimates of $1.67 and 0%, respectively. EBIT margin declined (214) bp, worse than our (150) bp estimate. AAP materially lowered 2017 guidance, as expected. Comps are now expected to decline (1-3)% vs. prior guidance of 0-2%. Guidance implies 2H comps will be slightly negative to (5)%. Also alarming, EBIT margin is now expected to decline (200-300) bp vs. prior guidance of +15-35 bp. This implies EPS of approximately $4.80-$5.60 vs. $7.40-$7.55 implied by the former +15-35 bp guidance.We were already skeptical of guidance, but implied guidance is below our former Street-low estimate of $6.27. We believe this quarter has borne out our longstanding concern that any turnaround will be a long and challenging process given AAP’s weak competitive position…On our reduced estimates, AAP trades at an unwarranted 45% premium to AutoZone (AZO, Buy, $825 PT) and 2% premium to O’Reilly Automotive (ORLY, Buy, $243 PT).

Advance Auto Parts’ market capitalization fell to $6.4 billion today from $8.1 billion yesterday.

Article source: http://www.barrons.com/articles/the-biggest-loser-advance-auto-parts-plummets-20-1502828689

Jaguar F-Type review: new 2.0-litre turbo driven

Is this a new Jaguar F-Type?

Sort of. The F-Type has had a mid-life update, and with it comes a new engine. Joining the raft of V6s and V8s you can currently buy is a 2.0-litre four-cylinder petrol engine. Yep, downsizing has grasped another sports car.

While the F’s other engines all use a supercharger, this 2.0-litre ‘Ingenium’ unit is turbocharged. Which means it punches above its diminutive size – with 296bhp and 295lb ft, yielding a 5.4sec 0-62 time and 155mph top speed – while allowing the F-Type to quote dangerously close to 40mpg.

It also allows Jag’s sports car to limbo under the £50,000 barrier for the first time, though by such a slender margin we expect not a single order will have a price that begins with a four.

So it’s a Porsche Cayman rival?

Yep. A car that started out as a Porsche 911 rival now has a range of such breadth that it rivals Porsche’s whole sports car range. Especially as you can have it with a hard or soft top. Jag offers you anywhere between 296bhp and 567bhp, with a mixture of rear- and all-wheel drive and manual and automatic gearboxes in between.

Like the 718 Cayman and 718 Boxster, then, it’s succumbed to downsizing. But not at the expense of those bigger engines, and this four-cylinder sounds more pleasant than Porsche’s.

How many versions do I have to choose from?

Just two – Coupe or Convertible, the latter around £5,000 pricier. You can only have rear-wheel drive, and there’s no manual option.

Fitting only Jag’s eight-speed paddleshift auto seems like a missed opportunity to us. Dropping to a four-cylinder engine saves 52kg, so why not save even more? The purist nature of gram-shaving is surely most appreciated by someone who prefers three pedals and a stick, too…

Jag says manuals make up a very tiny proportion of F-Type sales elsewhere in the range (boo) and it sees the automatic as a premium choice – something to help negate buyers’ worries about their £50k coupe using the same engine as an XE rep car, perhaps.

So how is this four-cylinder F-Type?

Jaguar’s chassis chiefs say they’ve tuned it to handle like any other F-Type, so while 52kg has been lost from the front end, the suspension has been tuned to match more powerful Fs. Only the most studious F-Type exhaust configuration nerds will be able to spot you’ve got the smaller engine, too.

Yet it feels a tangibly different product. I’ve never driven an F-Type harder than this one. Perhaps it’s because there’s less power to overwhelm the rear tyres, but this feels a noticeably more trustworthy car than V6 and V8 Fs, one whose rear axle you can really lean on, having turned into the corner that bit sharper because of the lighter nose.

Here’s an F-Type you can drive with lots of confidence, with no fear of the rear axle giving you a nasty surprise. Early V8s certainly couldn’t claim that.

How does it sound?

At low revs, when you’re manoeuvring around, it’s as uncultured as a burbling hot hatch. There’s no mistaking its cylinder count. As the speed builds, the noise improves, and while it never comes close to outdoing its bigger brothers, the 2.0 F-Type sounds okay.

But not much more than okay. That I came away more impressed by its cruising refinement than its high-rev crescendo (there isn’t one, basically) probably tells you all you need to know.

Oh, and while the engine has downsized, the F-Type itself hasn’t. This is still an uncommonly wide car to get down a typical British country lane and you’ll be thudding over the cats’ eyes on narrower roads.

So what’s the verdict?

Objectively this is a better F-Type. It may sound a bit like a hot hatch, but the flipside is you can drive it like one. Which is a proper novelty.

But we’ve rather got used to F-Types being boisterous cars to drive, both in their keenness to slide out of a corner and the raucous noise they make under acceleration. And taming the F to make it a smarter handling, less antisocial car to passers-by has arguably neutered it a bit. There’s less theatre here. I knuckled down and committed to driving it as hard as I could rather than sitting back a bit and appeasing my immature side when the opportunity arose.

It’s credit to Jaguar that it can make one model feel like two different cars. And this one brings the F-Type closer to the Boxster and Cayman in price and cornering attitude than ever. If the sums add up – dropping cylinders makes this a far more plausible company car than before, and the fuel economy is better on paper – you’ll have an enjoyable thing. But it made me pine for the V6 and V8. The F-Type has always majored on excitement, and they’re simply more exciting.

Article source: https://www.topgear.com/car-reviews/jaguar/f-type-coupe/20-2dr-auto/first-drive

Germany’s Angela Merkel Looks To Electrification As Future Of German Auto Industry

Air Quality

Published on August 15th, 2017
by Kyle Field

0

August 15th, 2017 by  

German Chancellor Angela Merkel is cranking up the pressure on the German auto industry as it seeks to reorganize coming out of the diesel emissions scandals that shook its foundations. The strong push comes as Merkel seeks re-election and has recognized the mounting global market pressures that are coming to bear on the largely internal combustion–based German auto industry.

In her latest statements, Merkel has for the first time floated the idea of bans on petrol and diesel vehicles. This is a significant step in an EV direction that could lead to massive changes in the German auto industry. In particular, she stated that “a ban of ICE cars could be an option.” Such policy would not come till October — after the election — but the change in rhetoric was surely not taken lightly.

Merkel also slammed the German auto industry for past actions to deceive regulators and consumers, and she put the pressure on them to clean up their image through genuine change.

“Large sections of the auto industry have gambled away unbelievable amounts of trust,” she stated in her speech in Dortmund. “This is trust that only the auto industry can restore. And when I say ‘the industry’ that is the company leaders.”

The crowd rewarded her with strong applause.

The question raised by Merkel’s renewed interest in the electrification of the German auto industry is whether or not her interest in electrifying German personal transportation is purely a ploy to get re-elected on September 24th or if it is a genuine concern in response to mounting global market pressures as consumers migrate to luxury electric vehicles*. With the German automobile industry dominated by luxury auto companies like Mercedes-Benz, BMW, and Audi, this is perhaps the portion of the global auto market most facing existential threat right now from Tesla and a quick trend in favor of premium electric vehicles.

The push may has less to do with setting the German auto industry up as a leader in combatting climate change or in setting new standards for air quality and more to do with simple economics. With 900,000 Germans directly employed in the auto industry and global markets set to pivot to electric vehicles rapidly over the next 5 years, it seems Merkel is, in all actuality, largely making an economic play — after years of delay in pushing the industry to move to zero-emissions models. Fortunately for the rest of the world, her ploy just happens to be in line with what the planet needs*.

Politics operate differently in Germany than they do in the US, as Merkel is not in the pockets of the German auto industry and can enact regulation that will force the turning of the rudder, causing the entire industry to pivot towards electrification.

However, she is not alone in her push for the electrification of the automotive industry, as the opposition candidate has also announced a carefully crafted plan to overhaul the German automotive industry, including specific production quotas for electric vehicles, something recently promoted by Germany’s deputy economy minister, Matthias Machnig. Merkel’s plan takes a different approach but both address the fact that the industry needs to pivot in a new direction.

As we all know too well, though, what is said on the campaign trail often stays on the campaign trail. We’ll have to wait to see what policies are enacted … once we see who wins the election next month.

*James Wimberley highlights that this is less likely a political ploy than a real shift in policy intentions:

“Merkel is headed for an election victory that will leave her in a stronger position than before vis-a-vis her junior coalition partner in the SPD. The latter are rooted in the labour movement, and defend jobs in coalmining and car manufacturing. She does not need to make gestures on EVs to win comfortably, so we should take her statements as real policy intentions.”

A German familiar with the industry and Germany politics confirms to us this is an accurate take. James adds:

“Merkel’s German doctorate from Leipzig University (between an M.Sc. and a Ph.D) is in quantum chemistry. Like Thatcher she genuinely understands the science of climate change and air pollution. My hope and expectation is that she will use her renewed mandate to speed up the Energiewende again after the slowdown under SPD and industry pressure. She is still a skilled politician; German carmakers have moved a lot towards the EV transition in the last few years, and are far less likely to oppose a stronger EV policy.

However, another commenter (“Jake“) notes a more critical stance on Merkel, including the tack taken by her top political opponent. He highlights a translation from the German article linked above:

“At the end of last week Merkel’s challenger in the election campaign, SPD leader Martin Schulz, had presented a five-point plan and announced the introduction of a pan-European electric car quota in the event of an election victory. Merkel rejected such a quota, because other drive technologies would be disadvantaged. Schulz on Monday cast Merkel as being previously conceptlessness in the car crisis: ‘On the weekend she rejected a quota for electric cars, today she calls a diesel ban. Ms Merkel has no plans for the German automotive industry.’ With her statement, the Chancellor was unsettling the affected diesel drivers. They now needed the assurance that the state would help them limit the damage inflicted by irresponsible automanagers.”

This article has been updated after publishing to add and adjust context.


Check out our new 93-page EV report, based on over 2,000 surveys collected from EV drivers in 49 of 50 US states, 26 European countries, and 9 Canadian provinces.

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I’m a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. TSLA investor. Tesla referral link: http://ts.la/kyle623


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Article source: https://cleantechnica.com/2017/08/15/merkel-pressures-german-auto-industry-towards-electric-vehicles/

SMMT: Automotive industry ‘of particular importance’ in Brexit trade deal proposals

A Government proposal praised by the Society of Motor Manufacturers Traders (SMMT) has been shot down by a European Parliament Brexit negotiator as ‘a fantasy’.

The ‘innovative and untested’ approach would mean that despite levies, imports coming into the UK from the EU would not be subject to a customs border, and that there would be “as few additional requirements on EU trade as possible”, allowing ‘frictionless trade’.

EU officials’ rejection of the proposal, which suggests a temporary arrangement similar to the one the UK benefits from as a member of the EU’s Customs Union, brings the UK a step closer to the ‘hard’ Brexit and cliff-edge withdrawal from the single market that Brexit sceptics, as well as Hawes, fear. 

Negotiations over the details of Brexit must be completed by the end of March 2019.

The SMMT has scrutinised deals negotiated by other countries on the fringes of the EU (Norway, Switzerland and Turkey) and found that none would offer the market conditions that had helped to bring the UK its automotive success in the past five years. “It’s imperative that the Government remembers this when negotiating. It’s the key to everything,” Hawes said after the referendum result.

Hawes’ views were mirrored by the European Association of Automotive Suppliers (CLEPA), the secretary general of which, Sigrid de Vries, said: “The EU single market represents a fundamental driver of global competitiveness. Vehicle manufacturers and component suppliers are entangled in a highly integrated manufacturing network spanning Europe.

“Tariff and burden-free market access, as well as a stable and predictable regulatory framework, are crucial instruments to sustain the supplier industry’s technology leadership and secure investments and jobs.”

Speaking in response to today’s proposal, Hawes said: “It is encouraging that the Government recognises the need for interim arrangements which must be in place until the new relationship with our biggest trading partner is implemented.

”The automotive industry needs certainty to attract investment and make planning decisions, so such a move, if agreed by the EU, would take some time pressure off these difficult negotiations.

“It is also reassuring to see the Government recognise the particular importance of customs arrangements to sectors such as automotive which are subject to rules of origin requirements and operate ‘just in time’ processes. However, to maintain frictionless trade and ensure business only has to adjust to one change, interim arrangements must retain membership of a customs union with the EU and full participation in the single market.

“Any other arrangement risks additional administration, delays and costs, undermining the competitiveness of UK exporters and increasing the costs of imports. We will continue to work with the Government to try and avoid such an outcome.”

Read more: 

UK car success under threat from Brexit, says industry

UK car industry: Brexit deal among automotive priorities for next government

Brexit could harm UK car industry growth

Leading EU automotive bodies warn of potential Brexit damage

Article source: https://www.autocar.co.uk/car-news/industry/smmt-automotive-industry-%E2%80%98-particular-importance%E2%80%99-brexit-trade-deal-proposals

Directions in Australia’s Automotive Industry report published

The first comprehensive analysis of the nation’s automotive industry in three years, launched today by Senator Nick Xenophon at Parliament House, Canberra, explores the full scope of the industry.

At a time of unprecedented change, the report uncovers the automotive industry’s economic contribution to the nation, business operating conditions, and detailed analysis of skills shortages and training requirements, along with insights into the direction automotive is headed.

“A key finding in the report is that Australia’s automotive industry is here to stay. Passenger vehicle manufacturing will cease in October this year, but that is, and always has been, a small component of the entire automotive industry, which is still very robust with 69,365 businesses operating across the country,” said VACC Executive Director, Geoff Gwilym.

Key findings:

  • The automotive industry contributes $37.1 billion to the Australian economy (2.2 percent of GDP).
  • Automotive repair and maintenance businesses account for 54.0 percent of the automotive industry; the next largest sector is motor vehicle retailing at 8.3 percent.
  • Automotive vehicle and parts manufacturing accounts for 4.4 percent of the industry.
  • 96.5 percent of automotive businesses are small and family run enterprises.
  • 41.9 percent of auto businesses are run by sole proprietors; 54.6 percent employ 1-19 employees.
  • The average age of Australia’s vehicle fleet is 10.1 years.
  • 800,000 registered vehicles (excluding motorcycles) were scrapped between 2015 and 2016.
  • Profit margins for repair/maintenance businesses in 2015/16 was 12.2 percent; fuel retailing was 2.4 percent.
  • There are 69 vehicle marques operating in Australia, amongst the most in the world.
  • Car dealers operate on 2.6 percent profit margins, automotive employs 379,365 people, and electric vehicles make up 0.01 percent of the nation’s fleet, a new report into Australia’s automotive industry reveals. 
Report author Steve Bletsos

 Directions in Australia’s Automotive Industry: An Industry Report 2017  is a must-read for all automotive business owners seeking to know what lies ahead for the industry and their business over the next three years. 

The report provides detailed insight into key sectors of the automotive industry and answers key questions including:

  • ·       Will the industry endure and in what form after the end of car manufacturing?
  • ·       How important is the automotive industry to the Australian economy?
  • ·       What trends are impacting on key sectors of the automotive industry?
  • ·       Where is the industry headed over the next few years?
  • ·       How can automotive businesses prepare for the future?

 

The report costs: $90.00 for VACC/MTA members (includes GST, postage handling). Non-member price is $309.00 (incl. GST, postage handling) visit VACC for more details.

 

Article source: http://www.paintandpanel.com.au/news/news/directions-in-australia-s-automotive-industry-report-published