An industry report compiled by the Australian Automotive Aftermarket Association (AAAA) and Fifth Quadrant shows more and more consumers and fleets are using independent workshops to service and repair their vehicles. It unveils service and repair trends in the national fleet, which comprises 19.7 million vehicles.
Fifth Quadrant is preparing to release its 2024 Corporate Fleet Insights Report and has shared a preview of the themes shaping corporate fleet management in Australia.
The latest Fifth Quadrant SME Sentiment Tracker reports continuing soft revenue in line with weak economic conditions. Some 33% of respondents in May 2024 reported lower revenues than 12 months earlier.
The latest Fifth Quadrant SME Sentiment Tracker wave report reveals more measured sentiment in March 2024, with revenue declining and expectations regarding lower interest rates being re-evaluated.
The slowdown in the annual inflation rate to 4.1% is alleviating concerns about escalating costs and interest rates, leading to a more optimistic outlook on economic conditions both globally and in Australia among the 2.5 million Australian SMEs according to research company Fifth Quadrant.
