Green light: The industry is poised for solid growth as consumer spending continues to rise

The Online Car Dealers industry experienced its share of wear and tear during the 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...purchase to read more.

Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 11-16
13.2%
Forecast Growth 16-21
Profit
Employment
36,176
Businesses
936
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Strong vehicle sales will widen industry profit margins and contribute to revenue growth
  • Increasing corporate profit led to a boost in demand from the industry’s commercial markets
  • Improving unemployment rates will allow more consumers to spend on big-ticket items
  • Industry Report - Industry Products Chapter

    Online car dealers sell new and used vehicles and provide parts, repair services financing and insurance. Consumers are driving their vehicles longer and choosing used vehicles over new ones, fueling growth in the maintenance-oriented parts and services segment.New vehicle salesNew vehicle sales are expected to account for 58.0% of industry revenue. Demand for new vehicles was hampered during the recession as consumer spending plummeted, but has since picked up. New car dealers continue to benefit from pent-up demand being released, new models, low interest rates and easing credit terms.Prior to 2007, sales of light trucks and SUVs were skyrocketing; however, this trend has since begun to unwind due to rising gas prices. Add...purchase to read more.

    Additional Insights for the Online Car Dealers Industry

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

  • Ability to quickly adopt new technology
  • Provision of superior after sales service
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and Average age of vehicle fleet in the Online Car Dealers industry impact industry performance..

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    What's in this report

    What is the Online Car Dealers Industry?

    This industry retails automobiles online to consumers and businesses and provides services to aid in the purchase of automobiles. Autos include passenger cars, trucks and sports utility vehicles (SUVs). Some players offer their customers trade-in, car financing and car selling services. This industry does not include classified websites that feature reviews, guides, photos and advertisements of new and used vehicles for sale.

    Industry Products
  • New vehicle sales
  • Used vehicle sales
  • Parts and repair services
  • Financing and insurance
  • Industry Activities
  • Selling new and used cars online
  • Selling new and used trucks online
  • Providing vehicle maintenance and repair services
  • Providing vehicle financing
  • Providing car-selling services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • Average age of vehicle fleet
  • External competition
  • Aggregate household debt
  • Regulation for the Automotive sector
  • Number of broadband connections

  • Current Performance
  • Industry demand
  • Strong performance
  • New products
  • Chart: Revenue Growth

  • Industry Outlook
  • Stable growth ahead
  • Future challenges
  • Table: Online Car Dealers Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Used Car Dealers
  • Car Rental
  • Consumers

  • Key Selling Industries
  • Auto Mechanics
  • Auto Parts Stores
  • Automobile Wholesaling
  • Car & Automobile Manufacturing
  • Car Body Shops
  • SUV & Light Truck Manufacturing

  • Products & Services
  • New vehicle sales
  • Used vehicle sales
  • Parts and repair services
  • Financing and insurance
  • Chart: Online Car Dealers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses
  • Households
  • Chart: Major Market Segmentation for the Online Car Dealers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Online Car Dealers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online 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 Online 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 Online 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)
  • Consumer confidence index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Deal-Of-The-Day Website
  • A website that offers a product for sale for a short period (typically 24 to 48 hours). Customers register as members of the website and receive offers via email or social networks.
  • Haggle
  • The process by which potential buyers and sellers of a product, such as a car, negotiate over the price in an attempt to get the lowest or highest price possible.
  • Lemon Laws
  • Consumer protection laws that pertain to automobile warranties and the manufacturer's responsibility for repairing defects within the warrant period.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Online 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 Online 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 Online 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 Online 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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