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Global Car & Automobile Sales: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Car & Automobile Sales Market Research Report | Apr 2017

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Car & Automobile Sales global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report focuses on industry performance in key regions around the world and identifies the leading companies globally.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Forecast
Revenue
$10tr
Annual Growth 12-17
5.1%
Annual Growth 17-22
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Profit
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Employment ('000)
15,165,826
Businesses
1,774,545
Industry Analysis & Industry Trends

Over the five years to 2017, rising per capita income is expected to drive revenue growth for the Global Car and Automobile Sales industry. The industry's dependency on employment rates, global consumer spending, financing rates and the world price of crude oil make it vulnerable to economic shifts. Over the five years to 2017, industry revenue is expected to grow. Pent-up demand, improving per capita income and growing consumer sentiment are expected to drive automobile sales over the next five years. Furthermore, the introduction of new energy-efficient vehicle models will also contribute to an increase in sales as consumers move away from high gasoline-consuming vehicles... read more

Industry Investment

Industry operators require salespeople, technicians and office workers to operate. In 2017, wages are expected to account for 5.7% of industry revenue. Conversely, industry depreciation costs are low. By classifying vehicles as short-term assets, new car dealers tend to avoid significant depreciation expenses. Service equipment and the physical dealership are the industry's primary long-term assets. As a result, the industry spends about $0.07 on capital for every dollar spent on labor.

In mature car markets such as in the United States, investment requirements are typically low. Buildings are rented and inventory is financed through car financiers rather than outright. Conversely, highly trained labor is required at the storefront. In .. read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Car & Automobile Sales Industry?

This industry retails new and used motor vehicles mainly through dealerships, commission agents and car auctions. Products sold in this industry include: passenger cars, SUVs, light trucks, heavy trucks, buses, recreational vehicles and specialty vehicles (e.g. ambulances and fire trucks). Retail sales of motorcycles, mopeds and bicycles are not included in this industry.

Industry Products
CarsSports utility vehicles and pickup trucksHeavy trucksBusesRecreational vehiclesSpecialty vehicles
 
Industry Activities
Selling new cars and light trucksSelling heavy trucksSelling specialty vehiclesSelling busesSelling vans and other commercial vehiclesSelling recreational vehicles


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