Classic Car Dealers
Industry revenue has been volatile, experiencing high volumes of growth in conjunction with years of steady decline. Luckily the growth in the domestic economy has supported the industry demand overall, sustaining growth for the overall period. Revenue is expected to increase an annualized 1.3% to $1.7 billion over the five-year period including a decline of 0.7% in 2018. Over the next five-year period, the Classic Car Dealers industry is anticipated to be supported by continued growth in the domestic economy. Recent declines in industry revenue are forecast to slow down and return to levels of flow to low growth. Long-term industry growth prospects will be limited due to high valuation speculation coupled with external competition from many individuals throughout the United States who own and sell classic cars amongst themselves.
This industry sells classic and antique cars. IBISWorld defines a classic car as either a foreign- or US-made vehicle that was manufactured more than 25 years ago and is no longer in production. An antique car is defined as a vehicle manufactured more than 45 years ago. Companies may sell previously purchased cars or third-party vehicles on consignment. They may also sell vehicles at an auction, but individuals who sell their own cars at an auction are excluded from this industry.
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.
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