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... purchase to read more
Industry Analysis & Industry Trends
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 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 sales
New 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
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... purchase to read more