New Car Dealers in Canada - Industry Market Research Report

February 2022 •
33 pages •
Report ID: 4564226 •
Format: PDF

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New wheels: Impending interest rate hikes will likely mitigate strong revenue growth

Abstract

New Car Dealers in Canada
Over the five years to 2019, revenue for the Canadian New Car Dealers industry is expected to expand. Demand for automobiles has been driven by healthy economic conditions, such as rising consumer confidence, growing per capita disposable income and low unemployment. Rising disposable income encourages consumers to make big-ticket discretionary purchases such as new vehicles. While rising technological change has helped spur demand for industry services over the past five years, the effect of such innovation has led to intensifying competition, ultimately keeping industry profit in check. For example, industry operators are increasingly leveraging the internet for tasks that are typically done by car salesmen, such as providing consumers with vehicle quotes. Over the five years to 2024, the growth of the New Car Dealers industry in Canada is expected to continue to accelerate.

The New Car Dealers industry in Canada sells new and used passenger vehicles. Vehicles include passenger cars, light-duty 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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