Industry Analysis & Industry Trends
Since 2007, the entire automotive supply chain has been struggling as demand for motor vehicles has decreased alongside decreases in disposable income. Some foreign wholesalers did manage to penetrate the US market and capture market share, however. Industry conditions will improve in the coming years, but recovery will be slow. Consumer preferences will continue to shift toward fuel-efficient vehicles, and in the next five years, many US automakers will begin manufacturing green vehicles domestically, giving consumers a wider range of choices. Downsizing will continue, mainly in the form of inefficient companies exiting the industry... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years to 2013, the performance of the Automobile Wholesaling industry has correlated strongly with the performance of the major domestic automakers. The Big Three automakers (General Motors, Ford and Chrysler) struggled to make sales during the recession, when consumers began trending away from these automakers' most-produced models: fuel-inefficient sport utility vehicles (SUVs) and trucks. This trend was mainly brought about by growing environmental concerns and skyrocketing gas prices. On the other hand, the misfortunes of the Big Three created great opportunities for foreign transplant automakers and their wholesaling divisions to increase their presence in the United States. This growth helped buoy wholesale revenue, even as domestic automakers suffered... purchase to read more