The New Car and Light Motor Vehicle Dealers industry has performed well over the past five years, after sales recovered from the economic downturn. The aftermath of the downturn brought a short period of weak car sales, owing to low income levels and difficulties regarding obtaining financing. Demand also slowed because high fuel prices drove consumers away from cars to public transport. However, car sales have trended upwards since 2012, with the number of car registrations growing in each of the past 41 months. The strengthening economy has brought greater consumer and business confidence, which have contributed to strong demand.
Companies in this industry sell new cars and other light motor vehicles to consumers. Wholesalers that sell directly to fleet markets are included in the industry. The vehicles sold include passenger cars, SUVs, specialised vehicles such as ambulances and any other vehicles weighing less than 3.5 tonnes. The sale of used vehicles is not included in the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.