Industry Analysis & Industry Trends
The Used Car Dealers industry has since shifted gears since the economic downturn and has taken off at full speed. as economic conditions improved and consumer spending began to rise again, consumers released pent-up demand for big-ticket purchases, such as automobiles. Moreover, consumers, still wary of the economic climate, increasingly opted to purchase used vehicles over new ones, helping to boost sales.These trends are expected to continue in the five years to 2020, bolstering demand. Additionally, acquisition activity is expected to remain prominent over the five-year period, as industry operators vie for a greater share of the market... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Used Car Dealers industry is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to grow at an average annual rate of 2.0% over the 10 years to 2020. By contrast, GDP is projected to expand at an average annual rate of 2.2% over the same period. Because IVA is expected to grow at a slower rate than the overall economy, this is an indication that the Used Car Dealers industry is in the mature stage of its life cycle.
The industry's clearly segmented product groups and user industries also indicate a mature life cycle stage. Moreover, the number of used car dealerships has remained relatively stable... purchase to read more