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 Locations Chapter
Online car dealers are most heavily concentrated in the Southeast, Great Lakes, Mid-Atlantic and West regions. Industry operators tend to concentrate in these regions as they hold the largest share of total population. This proximity to key markets allows companies to save on transportation costs and cut down on shipping times to consumers.
Personal incomes and vehicle preferences also drive the proportion of car dealerships in a particular state or region. New car dealerships selling imported vehicles are heavily situated on the coasts, where three in four coastal consumers purchase imported goods. Similarly, dealerships selling premium vehicles, such as Mercedes-Benz, are heavily situated in the West and Mid-Atlantic regions, where personal incomes are highest... purchase to read more