The Vehicle History Report Providers industry declined slightly over the past five years because car sales were down due to the recession; higher disposable income levels will spur used car sales and in turn demand for vehicle history reports. Companies that develop mobile apps will fare particularly well by being able to serve car buyers directly on the lot.
Industry firms provide detailed vehicle history reports to consumers and businesses. These reports include information about the vehicle's accident history and usually include an estimated current value. This industry excludes auto repair facilities, shops and independent mechanics that can inspect a vehicle and provide information on its history.
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.