8567.0 - Hire Services, Australia, 2002-03
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 18/06/2004
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Motor vehicle hire generates $2 billion in income
New figures about three distinct areas of hire services in Australia, was released today by the Australian Bureau of Statistics.
Motor Vehicle Hire and Leasing
In 2002-03, Australia's motor vehicle hire and leasing services businesses generated $2 billion in income. Under half of this income ($900 million (m) or 45%) came from the rental or hire of motor vehicles, with cars accounting for most of this income (77%).
The rental of motor vehicles to household clients accounted for more than half of the total rental/hire income ($480m or 51%), while commercial clients accounted for 37% ($345m) of the total.
Other findings from motor vehicle hire and leasing included:
Plant and Equipment Hire
In 2002-03, Australia's plant hiring and leasing businesses generated $2.6 billion in income. The highest income earner from the hire of plant and equipment came from cranes (17% or $380m), followed by scaffolding (16% or $360m) and earthmoving equipment (12% or $250m).
Other findings for plant and equipment hire included:
Personal and Household Goods Hire
Australia's personal and household goods hiring businesses generated $360m in income in 2002-03 (90% of this income was from the hire of goods). Less than half of the hire income from goods ($155m), was made from the hire of party/event/function/exhibition goods and equipment.
Almost one-third (32%) of all hire income came from goods that were rented for two days to less than a week. One-quarter of hire income was earned from the hire of goods for periods of 12 months or longer.
Other findings from personal and household goods hire included:
Further information is in Hire Services, Australia, 2002-03 (cat. no. 8567.0).
Media Note: This publication contains information about three distinct and unrelated areas of hire services in Australia. Each area should be reported in isolation.
One billion = one thousand million
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