Industry Analysis & Industry Trends
As economic recovery picks up steam, demand for classic cars of all makes and models is anticipated to grow. That growth will encourage more companies to enter the industry, increasing competition. Long-term industry growth prospects will also be moderated by external competition from online-only dealers. Web-based car dealers pose a formidable external threat to the industry because these firms can market to an international audience and have lower operational costs.... purchase to read more
Industry Report - Industry Locations Chapter
The distribution of classic car dealerships broadly follows population shares, though regions with more car-friendly cultures and infrastructure tend to have stronger representation. This relationship is further complicated by population density patterns, which enable dealerships and salesmen in densely populated areas to serve customers more efficiently than rural dealers.
The Southeast leads the share of industry establishments, accounting for roughly 32.5% of all locations. This share falls in line with the spread of the population; the region is the most densely populated in the United States at 25.4%. The Great Lakes accounts for the second-largest share of industry establishments at 15.0%, which mimics its overall population share at 14.9% of the total US population... purchase to read more