Industry Analysis & Industry Trends
Over the five years to 2015, improving economic conditions has contributed to revenue growth for New Car Dealers in Canada industry. Bolstered by rising consumer confidence and disposable income after the recession, consumers who held off on new car purchases are expected to contribute to industry revenue over the period. Over the five years to 2020, the industry expected to benefit from a slew of new vehicle models, with fuel-efficient vehicles particularly becoming a driver of demand as fuel prices rise and consumers look to purchase vehicles with a higher miles per gallon rate... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years to 2015, revenue for the New Car Dealers industry is set to trend higher. As economic conditions improve and consumers continue to unleash pent-up demand, revenue is expected to expand in 2015, increasing an estimated 2.0%. Strong consumer sentiment, coupled with rising disposable income and low interest rates, is also expected to fuel the industry. In light of these trends, industry revenue is anticipated to increase at an annualized rate of 3.8% to $102.7 billion over the five-year period.
Over the five years to 2015, the industry is expected to benefit from increasing disposable income levels. When disposable income rises, consumers are more apt to purchase big-ticket items, such as new vehicles... purchase to read more