Automobile Wholesaling in the US
Over the five years to 2019, revenue for the Automobile Wholesaling industry is expected to grow. However, profitability has stagnated over the five years to 2019 due to volatile purchase costs and increased price-based competition. After falling sharply early during the period, the world price of steel rose once more, which caused purchase costs to increase as manufacturers raised their prices. Over the five years to 2024, revenue growth is anticipated to grow at a faster pace than during the previous period, as new cars sales increase and per capita disposable income continues to grow. However, this growth will be somewhat tempered by rising oil prices, which may make consumers more reluctant to purchase a new vehicle.
Companies in this industry wholesale a wide range of new and used vehicles, including automobiles, light trucks, motor homes, heavy-duty trucks, trailers and motorcycles. Automobile wholesalers do not sell motor vehicle parts or tires.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook