New Car Dealers in the US - Industry Market Research Report

New Car Dealers in the US - Industry Market Research Report

  • May 2019 •
  • 34 pages •
  • Report ID: 198888 •
  • Format: PDF

Just like new: Gains in disposable income and an aging vehicle fleet will drive industry growth

Abstract

New Car Dealers in the US
The New Car Dealers industry is highly cyclical and vulnerable to economic shifts such as fluctuations in employment, overall consumer spending and financing rates. Over the five years to 2019, the industry has trended upward as per capita disposable income and consumer confidence have risen, encouraging consumers to spend more on discretionary purchases such as new and used vehicles and repairs and maintenance for existing vehicles. Over the five years to 2024, industry revenue is projected to grow at a slightly slower pace. As interest rates continue to climb, bouncing back from the historic lows experienced over the past five years, financing new and used vehicles is expected to become more expensive and less desirable. Additionally, consumer confidence is forecast to begin waning over the next five years; consumers are consequently expected to start cutting back on high-priced, discretionary purchases such as new cars.

This industry sells new and used passenger vehicles. Vehicles include passenger cars, light trucks, sport utility vehicles (SUVs) and passenger vans. New car dealers also sell parts and provide repair services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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