DUBLIN--(BUSINESS WIRE)--The "The US Auto Dealership Market: Size, Trends & Forecasts (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
The US auto dealership market is forecasted to grow at a health rate during the forecast period (2018-2022).
The market is supported by various growth drivers such as greater influx of off lease vehicles in the US in the years to come, hike in interest rates on new vehicles, incentives on new cars, introduction of standalone stores and gradually rising share of CPO sales from franchised dealers.
However, the market also faces some challenges such as limited number of auto dealerships offering hassle free customer experience, reducing customer satisfaction with traditional used car purchases and vulnerability of auto dealer industry to economic depressions.
New entrants like Vroom and Carvana making attempts to improve the satisfaction of customers from auto dealers and spike in omni channel investments by leading players in the auto dealer industry are some of the latest trends existing in the market.
Market Dynamics
Growth Drivers
- Greater Influx of Off-lease Vehicles in the Coming Years
- Rising Interest Rates on New Vehicles
- Incentives on New Cars
- Introduction of Standalone Stores in the US
- Increasing Share of CPO Sales from Franchised Dealers
Challenges
- Limited Dealers offering Hassle Free Customer Experience
- Reducing Customer Satisfaction
- Auto Dealer Industry Vulnerable to Economic Depressions
Trends
- Opportunities for New Entrants
- Spike in Omni Channel Investments
Key Topics Covered
1. Executive Summary
2. Introduction
3. The US Market Analysis
4. Market Dynamics
5. Competitive Landscape
6. Company Profiles
- AutoNation Inc.
- Penske Automotive Group
- Group 1 Automotive Inc.
- Lithia Motors Inc.
For more information about this report visit https://www.researchandmarkets.com/research/hmqcps/the_us_auto?w=4
