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 operators can market to an international audience and have lower operational costs.... purchase to read more
Industry Report - Industry Analysis Chapter
Operators in the Classic Car Dealers industry have experienced sluggish demand over the past five years. The industry is highly cyclical and depends on the interest of consumers from all income levels to buy industry cars or bid on them at auction. Years of declining per capita disposable income and unemployment prior to the five-year period reduced consumer interest in classic and antique cars, but the industry appears to have corrected its course slightly. Over the five years to 2016, industry revenue is expected to plateau, remaining unchanged at $1.4 billion.
The industry consists of professional dealers of classic and antique cars and does not include private individuals who own classic cars and sell them via private transactions to other individuals... purchase to read more