Industry Analysis & Industry Trends
Over the five years to 2016, revenue for the Automobile Wholesaling industry is expected to trend higher, bolstered by a resurgence in demand for new vehicles. Industry revenue tends to ebb and flow with general fluctuations in the overall economic climate, particularly at the consumer level. Moreover, industry operators heavily rely on economic conditions in the United States, as a large portion of revenue is derived from Canada's southern neighbour. Revenue for the is expected to continue rising over the five years to 2021. However, there are threats that can potentially derail the industry's upward trajectory. Interest rates are anticipated to increase, lifting borrowing costs and thus deterring demand for big-ticket purchases, such as new automobiles... purchase to read more
Industry Report - Industry Analysis Chapter
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. Industry operators are primarily engaged in automobile, light-duty truck and sport-utility wholesaling. Consequently, industry revenue tends to be cyclical in nature, ebbing and flowing with general fluctuations in the economy, particularly at the consumer level. To this end, as the industry continues to benefit from improving domestic conditions, such as rising disposable income, industry revenue is expected to follow suit. IBISWorld expects industry revenue to increase at an annualized rate of 7.4% to $82.5 billion over the five years to 2016, lifted by an estimated 13.4% in 2016 alone.
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