Like other automotive industries, used car dealers suffered during the economic downturn. Often when economic conditions are sluggish, used car sales actually receive a boost from buyers choosing to purchase a used car as a cheaper alternative to a new one. However, this was not the case during the downturn, and all motor vehicle sales suffered. Industry revenue consequently struggled over the four years through 2011-12. However, the industry benefited as economic conditions started to improve and consumers that had previously delayed any vehicle purchases waded back into the market.
Dealers and auctioneers in this industry sell used cars and other light motor vehicles. Vehicles sold include passenger cars, SUVs, jeeps and any other vehicles weighing less than 3.5 tonnes, including ambulances and minibuses. The sale of new vehicles and private-to-private and business-to-business sales are excluded from 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.