Global Car & Automobile Sales - Industry Market Research Report
Global Car & Automobile Sales
In recent years, a slowdown in established economies like the United States, Canada and Europe has hampered the Global Car and Automobile Sales industry. Housing two of the world's largest car dealers, these geographies grappled with diminishing car sales, overshadowing solid growth achieved in emerging economies. Supply chain disruptions following COVID-19 stalled new car production, driving up car prices in 2021 and 2022. Dealers benefited from a surge in used car demand as new vehicle prices became prohibitive for many consumers, supporting a global recovery in automobile sales. Over the past five years, revenue has dwindled at a CAGR of 0.6%, falling to an estimated $4.3 trillion in 2023. As inflationary pressures in developed economies subside, revenue will expand by an estimated 0.7% in 2023 alone.
The Global Car and Automobile Sales industry retails new and used motor vehicles mainly through dealerships, commission agents and car auctions. Products sold in this industry include passenger cars, SUVs, light trucks, heavy trucks, buses, recreational vehicles and specialty vehicles, such as ambulances and fire trucks. Retail sales of motorcycles, mopeds and bicycles are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."
ABOUT THIS INDUSTRY
Industry Definition Main Activities Similar Industries Additional Resources
INDUSTRY PERFORMANCE
Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain Products & Services Demand Determinants Major Markets International Trade Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration Key Success Factors Cost Structure Benchmarks Basis of Competition Barriers to Entry Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity Technology & Systems Revenue Volatility Regulation & Policy Industry Assistance