Automobile Dealers: A Global Outlook
San Jose, California (PRWEB) January 10, 2012
Follow us on LinkedIn – After witnessing two years of slowdown due to the financial crisis led economic slowdown, the overall automotive dealers market bounced back to normalcy in 2010 as evident by the marked improvement in volume sales of new vehicles during the year. Resurgence in growth fundamentals such as improvement in GDP growth, increase in employment opportunities and subsequent rise in consumer income levels, and spending power have all helped improve passenger car purchases post recession, thereby driving dealer sales.
Government programs such as financial packages for troubled automotive manufacturers and scrappage schemes such as Cash-for-Clunkers, for replacing old cars with new, have and will continue to increase production and sale of passenger cars over the next few years. Commercial vehicle sales also bounced back in 2010, thanks to resurgence in key end-use markets such as construction, transportation, and logistics. Dealers engaged in automotive parts, and component business, and those with service arms also witnessed improved business prospects post recession, thanks to rise in automotive production, increase in number of vehicle miles traveled and subsequent rise in wear and tear of vehicle components and parts, and need to replace the same. Improvement in aftermarket purchases and increase in frequency of vehicle maintenance, driven by improved consumer income levels also boosted market prospects for component dealers and those with service divisions.
Going forwards, incentives offered by governments across the globe will continue to drive more frequent development and roll outs of new vehicle models, including alternative vehicles, thereby helping generate demand for automotive dealers market. With manufacturers waking up to the fact that undeterred focus on long-term plans is critical in warding off the impact of the economic slowdown, creative designs and technology specifications will continue to come to the market. Future gains in the automotive market will be driven by innovation and performance in terms of fuel efficiency, reliability, lower emissions, and those packed with advanced technology features such as intelligent navigation technologies, safety components Passenger cars meeting consumer preferences in terms of style and luxury will also generate substantial demand for the market. Innovative marketing strategies promises host of new opportunities for the automotive market over the next few years. For instance, online sales strategies being adopted by new age automotive dealers, which promises low pricing and comparative benefit analysis especially are proving to be a huge hit among new-age internet savvy consumer segment. The global market will be boosted by robust demand for passenger cars in emerging nations such as Brazil, China, and India. Placed ahead of the matured markets of the US, Japan, and Western Europe, these emerging markets translate into relatively high profit zones for automotive dealers.
The research report titled “Automobile Dealers: A Global Outlook” announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends in the automotive dealers market, and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States, Canada, Europe (Germany, the UK, Russia, and Rest of Europe), Asia-Pacific (Japan, Australia, China, India, Indonesia, Malaysia, and Thailand) Latin America (Brazil, and Rest of Latin America) and Rest of World. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.
For more details about this comprehensive industry report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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