Investment vehicle: Despite slow growth in per capita disposable incomes, car sales will rise

As economic recovery picks up steam, demand for classic cars of all makes and models is anticipated to grow. That growth will encourage more companies to enter the industry, increasing competition. Long-term industry growth prospects will also be moderated by external competition from online-only dealers. Web-based car dealers pose a formidable external threat to the industry because these operators can market to an international audience and have lower operational costs...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 11-16
0.0%
Forecast Growth 16-21
Profit
Employment
3,675
Businesses
1,966
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry dealers will benefit from higher demand for classic cars
  • Differing prices of classic cars means widely varying profit from one dealer to another
  • The industry’s rising demand and low entry barriers are encouraging new entrants
  • Industry Report - Starting a New Business Chapter

    The Classic Car Dealers industry has minimal barriers to entry, with low investment requirements and no franchise agreements. Classic car dealers, depending on the size of the establishment, may need sufficient retail, showroom and storage space for automobiles. Since the value of classic cars drops significantly if there are any signs of rust or damage, most classic car dealers must have, at minimum, an area that is free of draft, moisture, rodents, significant fluctuations in temperature and bacteria. Cars that are put into extended storage can often suffer from the effects of rubber rot, mildew, rust and cracking, and these minor damages can drastically depreciate the value of a classic car. Pro...purchase to read more.

    Additional Insights for the Classic Car Dealers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Classic Car Dealers Industry are

  • Provision of superior after sales service
  • Superior financial management and debt management
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Aggregate household debt in the Classic Car Dealers industry impact industry performance..

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    What's in this report

    What is the Classic Car Dealers Industry?

    This industry sells classic and antique cars. IBISWorld defines a classic car as either a foreign- or US-made vehicle that was manufactured more than 25 years ago and is no longer in production. An antique car is defined as a vehicle manufactured more than 45 years ago. Companies may sell previously purchased cars or third-party vehicles on consignment. They may also sell vehicles at an auction, but individuals who sell their own cars at an auction are excluded from this industry.

    Industry Products
  • Ferrari
  • Blue chip classics
  • German classics
  • American muscle cars
  • American antiques and affordable classics
  • British classics
  • Industry Activities
  • Retailing classic cars
  • Retailing antique cars
  • Auctioning classic cars
  • Auctioning antique cars
  • Retailing third party-owned vehicles on consignment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Aggregate household debt
  • Price of new cars
  • World price of crude oil
  • Time spent on leisure and sports

  • Current Performance
  • Industry landscape
  • Consumer demand for classic and antique cars
  • Chart: Revenue Growth

  • Industry Outlook
  • Price points
  • External competition
  • Table: Classic Car Dealers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Classic Car Dealers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Auto Mechanics
  • Auto Parts Stores
  • Automobile Wholesaling
  • Car Body Shops

  • Products & Services
  • Ferrari
  • Blue chip classics
  • German classics
  • American muscle cars
  • American antiques and affordable classics
  • British classics
  • Chart: Classic Car Dealers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 55 and above
  • Consumers aged 35-54
  • Consumers aged 18-34
  • Chart: Major Market Segmentation for the Classic Car Dealers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Classic Car Dealers

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Classic Car Dealers Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Classic Car Dealers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Classic Car Dealers Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per Capita Disposable Income (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Antique Car
  • An American- or foreign-built vehicle that was manufactured more than 45 years ago and is no longer in production.
  • Classic Car
  • An American- or foreign-built vehicle that was manufactured more than 25 years ago and is no longer in production.
  • Consignment
  • Placing any material in the hand of another, but retaining ownership until the goods are sold. This industry may sell third party-owned vehicles on consignment, and garner a commission fee.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Classic Car Dealers is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Classic Car Dealers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Classic Car Dealers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Classic Car Dealers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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