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