Industry Analysis & Industry Trends
Over the five years to 2014, 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 2019, 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 Products Chapter
In 2014, new vehicle sales are estimated to generate 60.5% of industry revenue. Demand for new vehicles fell during the recession as disposable income dropped, but has since picked up. New car dealers continue to benefit from pent-up demand being released, new models and easing credit terms. According to data sourced from Automotive News, a leading automotive publication, the Ford F-Series was the best-selling truck in 2013. Moreover, the Honda Civic was the best-selling car during the same year.
New car dealers buy used vehicles through auctions and customer trade-ins, selling them at higher margins than new vehicles. Even so, used vehicles offer a compelling value alternative to shoppers... purchase to read more