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Online Car Dealers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Online Car Dealers Market Research Report | Online Retail | Online Cars & Automotive Goods | Mar 2015

Green light: The industry is poised for solid growth as consumer spending continues to rise

IBISWorld’s Online Car Dealers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 10-15
2.9%
Annual Growth 15-20
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Profit
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Employment
44,955
Businesses
3,035
Industry Analysis & Industry Trends

The Online Car Dealers industry experienced its share of wear and tear during the Great Recession, which led to a downturn in per capita disposable income and corporate profit and, thus, drops in consumer and business spending on cars. Improving economic conditions post recession and government incentive programs, however, resulted in overall positive growth from 2008 to 2013. Despite stronger demand from consumers and businesses endowed with higher disposable income and profit, the industry will continue to face challenges in luring consumers to buy online.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Online Car Dealers industry is in the growth phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to increase at an annualized rate of 2.8% in the 10 years to 2020. In comparison, US GDP growth is expected to average 2.5% during the same period. The higher IVA growth rate signifies an emergent industry.

In the early part of the 2000s, the industry enjoyed multiple years of double-digit growth, fueled primarily by brick-and-mortar car dealers expanding their operations to the web. The Great Recession brought a swift end to these gains, but the industry has continued to grow strongly since 2010... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Online Car Dealers Industry?

This industry retails automobiles online to consumers and businesses and provides services to aid in the purchase of automobiles. Autos include passenger cars, trucks and sports utility vehicles (SUVs). Some players offer their customers trade-in, car financing and car selling services. This industry does not include classified websites that feature reviews, guides, photos and advertisements of new and used vehicles for sale.

Industry Products
New vehicle salesUsed vehicle salesParts and repair servicesFinancing and insurance
 
Industry Activities
Selling new and used cars onlineSelling new and used trucks onlineProviding vehicle maintenance and repair servicesProviding vehicle financingProviding car-selling services


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