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 Analysis Chapter
Over the five years to 2014, the New Car Dealers industry is set to recover from the recession. Declining employment and disposable income levels brought on by the recession took their toll in 2009, pushing revenue down 4.3%. However, as economic conditions improve and consumers continue to unleash pent-up demand, revenue is expected to expand in 2014, increasing about 0.9%. Strong consumer sentiment, coupled with rising disposable income and low interest rates, is expected to fuel the industry. Over the five years to 2014, industry revenue is anticipated to increase at an annualized rate of 2.3% to $9.9 billion.
The recession that began in late 2008 and continued through 2009 hurt new car dealers... purchase to read more