The New Car Dealers industry is set to expand over the five years to 2017. The industry is highly cyclical in nature and therefore is vulnerable to economic shifts such as fluctuations in employment, overall consumer spending and financing rates. As a result, the industry has benefited as economic conditions gradually improved during the period, particularly for consumers. With increased discretionary spending and elevated confidence, consumers are expected to continue pursuing big-ticket items, including new vehicles. Over the five years to 2022, rising disposable income is expected to drive demand for cars and trucks. Additionally, the introduction of new energy-efficient vehicle models will boost sales as consumers move away from gas-guzzling vehicles.
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.