Industry Analysis & Industry Trends
The Global Car and Automobile Sales industry experienced a significant decline during the global recession, as the industry is vulnerable to economic shifts in employment and spending. While demand for new and used vehicles in mature markets (e.g. Japan, Western Europe and the United States) fell during the economic downturn, the industry flourished in the emerging economies of Brazil, Russia, India and China. The release of pent-up demand for industry products will drive sales over the next five years, and the development of energy-efficient hybrid and electric vehicles is expected to lead the industry into a new era of prosperity... read more
Companies in this industry sell new and used motor vehicles, including passenger vehicles such as cars, light commercial vehicles (including vans), buses, specialty vehicles, heavy trucks and recreational vehicles. IBISWorld estimates that over 85.0 million vehicles will be sold in 2014.
Passenger vehicles, primarily privately owned, account for over 70.0% of industry revenue. Passenger vehicles are often segmented based on body type and cover two segments: cars and sports utility vehicles (SUVs) and pickup trucks. Cars generally have a sedan or hatchback body and are the most common type of motor vehicles sold throughout the world... read more