Industry Analysis & Industry Trends
The Truck Dealers industry is recovering from its postrecessionary slump. In the aftermath of the recession, weak demand from the industry's principal markets, including the manufacturing, trucking and construction sectors, led to rock-bottom truck sales. However, recovering downstream markets and greater trucking activity have since allowed for revenue gains. Industry revenue typically moves in line with factors such as manufacturing output, trade volume and construction activity. In the past five years, economic recovery has released pent-up demand from downstream customers that postponed truck purchases in the aftermath of the recession. Steady demand from the manufacturing and construction sectors will sustain revenue growth in the five years to 2021.... purchase to read more
Industry Report - Industry Analysis Chapter
The Truck Dealers industry has coasted over the past five years. Fortunes turned for the industry in the beginning of the five-year period, as its downstream markets began to recover. Many freight trucking companies that had delayed new truck purchases unleashed their pent-up demand, facilitating strong revenue gains of 17.7% in 2011. In the five years to 2016, renewed demand has allowed revenue to increase at an average annual rate of 2.7% to $81.1 billion, including 0.7% growth in 2016.
Downstream markets return to growth
The industry's primary markets include manufacturing, freight trucking, construction and the public sector, all of which require trucks for logistics and transportation... purchase to read more