Revving up: Increasing access to credit is anticipated to benefit industry demand
Abstract
Online Car Dealers The Online Car Dealers industry retails automobiles to consumers and businesses and provides related services including auto loan financing and vehicle trade-in and car-selling services. Online-only dealers and brick-and-mortar dealers that offer online purchasing and online aid are also included in this industry. Improving economic conditions and higher car sales have resulted in overall positive growth since 2013. The industry has exhibited high revenue growth due to the growing popularity of online retailers and steady demand for high-priced vehicles. As consumer visits to traditional car dealers are declining, operators are moving online to reach the growing millennial population. Online dealers permit consumers to research their inventory, compare prices, estimate payments and apply for financing, all from the comfort of their home. Over the five years to 2023, industry growth is expected to continue increasing at a steady rate. Continued increases in disposable income and access to credit are anticipated to benefit industry demand. Moreover, more companies that provide direct online retailing are expected to enter the industry, making it easier for consumers to purchase a vehicle in the comfort of their own home, which will likely appeal to the millennial generation moving forward.
This industry retails automobiles online to consumers and businesses and provides services to aid in the purchase of automobiles. Automobiles include passenger cars, trucks and sports utility vehicles (SUVs). Some players offer their customers trade-in, car financing and car selling services. This industry does not include classified websites that feature reviews, guides, photos and advertisements of new and used vehicles for sale.
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.
Our reports have been used by over 10K customers, including:
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...
The report titled “The US Vehicle Auction Market: Size and Forecasts with Impact Analysis of Covid-19 (2021-2025 Edition)” includes the analysis of the vehicle auction market in the US in terms of value, volume and type. Under competitive landscape, players within the North America vehicle auction market have been compared on the basis...
Hit the gas: An improving macroeconomic climate will likely support industry revenue growth Abstract Car & Automobile Manufacturing in Canada Over the five years to 2019, the Car and Automobile Manufacturing industry in Canada has struggled to recover as many automakers have moved operations abroad....
Off the lot: Strong consumer spending in Georgia and rising vehicle age have bolstered growth Abstract New Car Dealers in Georgia 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...
Shifting gears: Supply shortages are expected to lead to an increase in purchasing costs Abstract SUV & Light Truck Manufacturing in Canada Over the five years to 2018, revenue for the SUV and Light Truck Manufacturing industry in Canada is projected to increase, bolstered by a strong US economy where...
Plugged in: Due to continued tax incentives and rising fuel costs, industry revenue is expected to expand Abstract Hybrid & Electric Vehicle Manufacturing Hitting the gas Demand for hybrid and electric vehicles has remained strong during the five years to 2011, as consumers became more environmentally...
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...
All revved up: Expansive growth has been stifled by rising per capita debt Abstract Used Car Dealers in Texas The Used Car Dealers industry in Texas is expected to trend higher over the five years to 2017. Since the industry relies strongly on consumers to drive revenue growth, fluctuations in disposable...
Slow down: As a result of sluggish growth, fewer operators are forecast to enter the industry Abstract Used Car Dealers in Illinois This industry sells used passenger vehicles, including passenger cars, light trucks, sport utility vehicles (SUVs) and passenger vans. Used car dealers also provide financing...
Scope of the Report The report titled “The US Vehicle Auction Market: Size and Forecasts with Impact Analysis of Covid-19 (2020-2024)” includes the analysis of the vehicle auction market in the US in terms of value, volume and segments. Under competitive landscape, players within the North America vehicle auction market...
Auto Retail
Auction House
Artificial Intelligence
In-Store Retail
Light Vehicle
United States
Car Sales
Wholesale Sales
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.