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 Analysis Chapter
The Online Car Dealers industry retails new and used passenger cars, trucks, sport utility vehicles and other automobiles online. In addition, the industry offers related services, such as vehicle trade-in, car financing and car-selling services. This industry encompasses both online-only retailers and brick-and-mortar dealers that conduct retail operations online. As such, the industry's performance generally trends with that of brick-and-mortar dealers.
Prior to the recession, online dealers enjoyed breakneck revenue growth, fueled in part by strong demand for new and used cars, but also by a growing number of brick-and-mortar dealers expanding their digital operations. These factors led to consistent, double-digit growth for the industry; however, it was short-lived... purchase to read more