New Car Dealers in California - Industry Market Research Report

New Car Dealers in California - Industry Market Research Report

  • March 2020 •
  • 23 pages •
  • Report ID: 5876827 •
  • Format: PDF
Slamming the breaks: Rising interest rates and falling consumer confidence are expected to prevent industry growth

Abstract

New Car Dealers in California
The New Car Dealers industry in California has experienced steady, moderate growth over the five years to 2017. Consumer income and confidence growth has led consumers to purchase new durable goods, such as vehicles. However, operators have struggled with increased competition and thin profit margins. The previously seen robust demand growth is expected to come to an end over the next five years as consumer confidence falls slowly. At the same time, interest rates are expected to increase, causing the effective price of new vehicles to increase since most vehicles are bought on credit.

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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