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In a press release, the NPD Group's director and automotive industry analyst, Nathan Shipley, commented on the reasons for the U.S. automotive industry's successful year. The U.S. automotive industry has long been a barometer parallel to the country's overall economic performance. Following successful job growth over the last few years, it's no surprise that the automotive industry has done quite well in the past year. "Declining retail prices driven by a push for private-label along with an increase in deeper promotions is behind this dollar/unit retail dichotomy," he said. "Though the dollar sales growth rate has slowed, a number of factors helped the industry to stay on the plus side in 2016.
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However, competition and sales activity looks to be rousing in one niche area of the industry – the online marketplaces – which is forcing traditional carmakers and sellers to react to stronger showings by automotive e-commerce companies. It would seem this is just one move closer to Amazon selling its own cars, which it already does in Italy. While we may not be surprised by e-commerce's healthy growth over the years, it will be interesting to see how the industry mainstays respond, as all of these developments and new entrants signal more innovation and realignment within the auto sales business. Monday, February 20, 2017Most sales projections coming out of last month's North American International Auto Show indicate a slow, gradual, but extended decline following a banner year in 2016. Who are the change agents that are disrupting the brick-and-mortar dealership model?
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In a press release, the NPD Group's director and automotive industry analyst, Nathan Shipley, commented on the reasons for the U.S. automotive industry's successful year. The U.S. automotive industry has long been a barometer parallel to the country's overall economic performance. Following successful job growth over the last few years, it's no surprise that the automotive industry has done quite well in the past year. "Declining retail prices driven by a push for private-label along with an increase in deeper promotions is behind this dollar/unit retail dichotomy," he said. "Though the dollar sales growth rate has slowed, a number of factors helped the industry to stay on the plus side in 2016.
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E-Commerce Has Growing Impact on Automotive Industry
However, competition and sales activity looks to be rousing in one niche area of the industry – the online marketplaces – which is forcing traditional carmakers and sellers to react to stronger showings by automotive e-commerce companies. It would seem this is just one move closer to Amazon selling its own cars, which it already does in Italy. While we may not be surprised by e-commerce's healthy growth over the years, it will be interesting to see how the industry mainstays respond, as all of these developments and new entrants signal more innovation and realignment within the auto sales business. Monday, February 20, 2017Most sales projections coming out of last month's North American International Auto Show indicate a slow, gradual, but extended decline following a banner year in 2016. Who are the change agents that are disrupting the brick-and-mortar dealership model?
read more visit us industry
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