New Car Dealers in Illinois
The New Car Dealers industry in Illinois has experienced strong growth over the five years to 2017. Rising consumer sentiment underpinned by historically low interest rates and increasing per capita disposable income have largely fueled revenue gains. A steadily aging vehicle fleet has also fostered demand and revenue growth. Over the five years to 2022, industry revenue is forecast to continue climbing. Higher income levels and an aging vehicle fleet will continue to provide incentive for consumers to purchase both new and used vehicles. Nonetheless, rising interest rates and a dip in overall consumer confidence will ultimately lead to a moderate deceleration in revenue growth.
This industry sells new and used passenger vehicles. Vehicles include passenger cars, light trucks, sport utility vehicles (SUVs) and passenger vans. New car dealers also sell parts and provide repair services.
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