Industry Analysis & Industry Trends
Over the five years to 2016, revenue for the Automobile Wholesaling industry is expected to trend higher, bolstered by improving economic conditions, both domestically and within the United States. Moving forward, the industry is expected to continue to perform well over the next five years. Disposable income levels are anticipated to trend higher, lifting demand for big-ticket purchases, such as new vehicles. Although positive economic conditions will bode well for the industry's performance, industry operators are expected to experience potential hurdles that likely hinder growth prospects. For example, as interest rates continue to rise, the cost to finance a vehicle will also increase, thus deterring demand... purchase to read more
Industry Report - Industry Products Chapter
New cars include all sedans, coupes, hatchbacks and wagons. This segment accounts for the industry's largest share of revenue, at 67.3% in 2016. This segment has been growing over the past five years as consumer preferences have been shifting away from larger, fuel-inefficient trucks and sport utility vehicles (SUVs) toward more compact, environmentally friendly cars. Additionally, since manufacturers have increased their production of new vehicles with hybrid technologies, sales of hybrid sedans and coupes have enhanced the segment's share of revenue.
New light trucks and SUVs
Light trucks and SUVs are large vehicles that are built on a truck chassis and have high towing capabilities and increased cargo room... purchase to read more