Classic Car Dealers in the US - Industry Market Research Report

Classic Car Dealers in the US - Industry Market Research Report

  • January 2021 •
  • 43 pages •
  • Report ID: 5103621 •
  • Format: PDF
Flat tire: Demand for industry products will likely fall as normal economic activity resumes

Abstract

Classic Car Dealers
As per capita disposable income levels began to increase in the early half of the five years to 2019, investors returned to the classic car market in droves, creating solid demand and increased asset prices of classic and antique cars. This created a speculative bubble within the Classic Car Dealers industry and ultimately brought down revenue during the second half of the five-year period. Luckily, growth in the domestic economy has supported industry demand, sustaining overall growth during the current period. Over the next five years, the industry is anticipated to decline despite continued growth in the domestic economy. Recent declines in industry revenue are forecast to continue, albeit at much slower rates, driving industry revenue to decline moderately. Independent sales of automobiles are extremely common and represent an increasing threat to the industry, particularly as consumers gradually increase their use of online classified advertisements to promote their automobiles to a wider audience.

The industry sells classic and antique cars. IBISWorld defines a classic car as either a foreign- or US-made vehicle that was manufactured more than 25 years ago and is no longer in production. An antique car is defined as a vehicle manufactured more than 45 years ago. Companies may sell previously purchased cars or third-party vehicles on consignment. They may also sell vehicles at an auction, but individuals who sell their own cars at an auction are excluded from this industry.

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.
Loading...

We are very sorry, but an error occurred.
Please contact [email protected] if the problem remains.