Scope of the Report The report entitled “The US Auto Dealership Market: Size, Trends & Forecasts (2018-2022)”, provides analysis of the US auto dealership market, with detailed analysis of market size by value and segments.
Under competitive landscape, different players in the US auto dealership market have been compared on the basis of revenue and number of dealerships followed by a comparison of US based auto dealer companies on the basis of share.
Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall auto dealership market has also been forecasted for the years 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
AutoNation Inc., Penske Automotive Group., Group 1 Automotive Inc. and Lithia Motors Inc. are some of the key players operating in the US auto dealership market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
Company Coverage AutoNation Inc. Penske Automotive Group Group 1 Automotive Inc. Lithia Motors Inc.
Executive Summary An auto dealership is defined as a business whose main task is to sell new or used cars at the retail level. The selling of the new or used car is based on a dealership contract with an automaker or its sales subsidiary. Car dealerships are usually franchised to sell and service vehicles by specific companies. It is considered more safe to buy a car from auto dealers in comparison to private parties because of the former’s compulsion to abide by stringent laws. The auto dealership market can be divided into four segments namely new car dealers, used car dealers, parts and services and finance and insurance (F&I) services.
The US auto dealership market is forecasted to grow at a health rate during the forecast period (2018-2022). The market is supported by various growth drivers such as greater influx of off lease vehicles in the US in the years to come, hike in interest rates on new vehicles, incentives on new cars, introduction of standalone stores and gradually rising share of CPO sales from franchised dealers.
However, the market also faces some challenges such as limited number of auto dealerships offering hassle free customer experience, reducing customer satisfaction with traditional used car purchases and vulnerability of auto dealer industry to economic depressions.
New entrants like Vroom and Carvana making attempts to improve the satisfaction of customers from auto dealers and spike in omni channel investments by leading players in the auto dealer industry are some of the latest trends existing in the market.
Our reports have been used by over 10K customers, including:
Description The automotive retail market in China is likely to undergo a market transformation from experiential service to experience engagement; as well as from a complete sales solution to an intensive sales solution from 2018 to 2025. The automotive retail market is experiencing its maturity and...
Market Overview The Indian used car market was valued at USD 21.04 million in 2018 and is expected to register a CAGR of 15.12%, during the forecast period, 2019-2024 Over the years, the used car market has evolved in the country, with the growth of the organized and semi-organized sector. The pre-owned car...
The global precision parts market is expected to grow at a CAGR of around 12% during the period 2018–2024. The development and usage of new substrate materials, the growing prominence of Asian manufacturing, the increased automation expenditure, and advancements in CNC and milling machinery are some of the prominent factors expected...
This IDC Market Perspective examines five key considerations to help accelerate the adoption and use smart assistants within automotive. In particular, this document examines channels for smart assistant deployment and development, consumer's demand for smart assistant choice, buy versus build considerations for manufacturers and suppliers,...
The Chinese automotive market is likely to shift into a higher intelligence level by 2025. The L1 and L2 autonomous vehicles are currently available in the market, with a total sales of 0.3 million units in 2018. Going forward, the market is likely to experience a positive compound annual growth rate (CAGR) of 28.4%, reaching 1.5 million unit...
161 pages •
By Infiniti Research Limited
• Jul 2019
Global Automotive Floor Carpet Market: About this market Automotive floor carpets are primarily used to prevent heat transfer and for noise insulation. This automotive floor carpet market analysis considers sales from the non-woven and tufted segments. The sales are made to the passenger vehicles and commercial vehicles...
201 pages •
By Asia Market Information & Development Company
• Jul 2019
China’s demand for Air Bags has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and...
138 pages •
By Global Industry Analysts
• Jul 2019
Automotive E-tailing market worldwide is projected to grow by US$44. 4 Billion, driven by a compounded growth of 12.6%. OEM, one of the segments analyzed and sized in this study, displays the potential to grow at over 11.9%. The shifting dynamics supporting this growth makes it critical for businesses in this space...
Introduction: The automotive industry includes companies and organizations involved in the design, development, and manufacturing of automobiles. The vehicles are broadly classified into passenger car and commercial vehicles, with passenger cars covering sport utility vehicles, sedan, coupe, hatchback cars, and commercial...
183 pages •
By Global Industry Analysts
• Jul 2019
Smart Display Market for Automotive market worldwide is projected to grow by US$7. 9 Billion, driven by a compounded growth of 12.9%. 3"-5", one of the segments analyzed and sized in this study, displays the potential to grow at over 12.7%. The shifting dynamics supporting this growth makes it critical for businesses...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.