Industry Analysis & Industry Trends
Over the five-year period, revenue for the New Car Dealers industry is expected to increase, bolstered by rising consumer confidence and disposable income. Rising disposable income encourages consumers to make big-ticket discretionary purchases such as new vehicles. In the coming years, new fuel-efficient models, in conjunction with stable consumer confidence, are anticipated to support industry demand. Additionally, improving economic conditions will boost employment and disposable income levels, which will enable consumers to purchase big-ticket items... purchase to read more
Industry Report - Industry Key Buyers Chapter
The New Car Dealers industry has a low level of market share concentration. The industry is highly fragmented, with the top four industry players expected to generate less than 20.0% of industry revenue in 2017. Moreover, 23.5% of industry dealers were nonemployers in 2016, according to Statistics Canada; the remaining 76.5% have one or more employees, according to Industry Canada.
Consolidation has increased over the past five years as larger automotive groups buy out smaller independent dealers. Additionally, a greater number of new car dealers are retiring. According to a March 2012PwC Automotive Dealer Trendsetter Survey, 75.0% of new car dealers may be fully retired within the next decade.
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