Industry Analysis & Industry Trends
The Sale of Other Motor Vehicles industry has dealt with erratic and uncertain operating conditions over the past five years. The recession led to an unexpected drop in demand, which negatively affected revenue and profit margins, leading to the demise of many sellers. Over the past five years, petrol prices have soared, creating difficulties for road transport and public transport operators and restricting demand for vehicles. Industry revenue is expected to decline at a compound annual rate of 4.5% over the five years through 2013-14 to £3.4 billion. Over the same period, new emissions standards have increased the price of engines and made vehicles more expensive. The depreciation of the pound pushed up imported vehicle prices... purchase to read more
Industry Report - Starting a New Business Chapter
The Sale of Other Motor Vehicles industry has a moderate level of barriers to entry. The level of competition is relatively high due to a large number of companies competing in the market, although this provides some evidence of small firms being able to compete in an industry without one or two major players having compete control. However, the industry is consolidating and the larger firms are increasing their dominance over the smaller industry operators. The requirement of a high initial investment in stock and licensing agreements, and property such as showrooms are also barriers to entry in to the industry... purchase to read more