In full gear: Improving economic conditions will fuel industry revenue

The New Car Dealers industry in Ontario is composed of companies that sell new and used passenger vehicles. Vehicles include passenger cars, light-duty trucks, sport utility vehicles (SUVs) and passenger vans. New car dealers also sell parts and provide repair services. Bolstered by rising consumer confidence and disposable income levels, the industry is expected to increase. Over the five years to 2018, the industry is anticipated to profit from increasing disposable income levels. Consumers are more confident in purchasing big-ticket items such as new vehicles when disposable income rises. Additionally, a significant decrease in the price of oil encourages consumers to use automobiles, rather than public transportation, and therefore, indirectly benefits industry demand...read more.

Industry Statistics & Market Size
Revenue
$52bn
Annual Growth 13-18
8.8%
Forecast Growth 18-23
Profit
Employment
52,323
Businesses
1,336

Industry Threats & Opportunities

  • The industry is fuelled by improving economic conditions and disposable income levels
  • Industry Report - Industry Locations Chapter

    Ontario is home to 34.8% of the national industry's establishment counts, which is similar to the broader retail sector. Retailers in Ontario are consolidated in a few key areas of the province. The Toronto economic region regularly comprises the majority of retail establishments and employees due to its closeness to consumers. For the New Car Dealers industry in Ontario, it is essential to be close to where potential consumers are located. Following Toronto, the Hamilton-Niagara Peninsula and the Kitchener-Waterloo-Barrie economic regions hold the next largest proportion of industry establishments and employees. These regions provide proximity to consumers that are located close to or across the US border, making it an advantageous area for establishing industry operations. The...purchase to read more.

    Additional Insights for the New Car Dealers in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the New Car Dealers in Ontario Industry are

  • Provision of superior after-sales service
  • Use of high volume/low margin strategy
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Ontario and Corporate profit in the New Car Dealers in Ontario industry impact industry performance..

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    What's in this report

    What is the New Car Dealers in Ontario Industry?

    Companies in this industry sell new and used passenger vehicles. Vehicles include passenger cars, light-duty trucks, sport utility vehicles (SUVs) and passenger vans. New car dealers also sell parts and provide repair services.

    Industry Products
  • New vehicles
  • Used vehicles
  • Parts and repair services
  • Industry Activities
  • Selling new cars
  • Selling new light trucks
  • Selling used cars
  • Selling used light trucks
  • Providing vehicle maintenance and repairs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income in Ontario
  • Corporate profit
  • Population
  • World price of crude oil

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - New Car Dealers in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Automobile Wholesaling in Canada
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada

  • Products & Services
  • New vehicles
  • Used vehicles
  • Parts and repair services
  • Other
  • Chart: New Car Dealers in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Consumers under the age of 55
  • Consumers between the age of 55 and 64
  • Corporations
  • Consumers over the age of 64
  • Other
  • Chart: Major Market Segmentation for the New Car Dealers in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs New Car Dealers in Ontario

  • Basis of Competition
    Barriers to Entry
    AutoCanada, NewRoads Automotive Group, R.Ferri Automotive, Wright Auto Sales,
  • Table: AutoCanada - financial performance
  • Table: NewRoads Automotive Group - financial performance
  • Table: R.Ferri Automotive - financial performance
  • Table: Wright Auto Sales - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the New Car Dealers in Ontario Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the New Car Dealers in Ontario Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • New vehicle sales (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Ecoboost Engine
  • Engines manufactured by Ford for Ford vehicles.
  • Floor Plan Financing
  • A type of financing used to fund purchases of vehicles intended for sale.
  • Light-Duty Vehicle
  • A passenger vehicle, sport utility vehicle or truck weighing less than 6,350.3 kilograms (14,000.0 pounds).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s New Car Dealers in Ontario market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on New Car Dealers in Ontario:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The New Car Dealers in Ontario market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on New Car Dealers in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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