Video: Introduction to the Automotive Retail Industry

The Automotive Retail industry encompasses the businesses and activities involved in the sale of vehicles to consumers and businesses. This industry includes dealership franchises that sell new and used cars, trucks, and other motor vehicles from various manufacturers. It also involves ancillary services such as financing, leasing, vehicle maintenance, repairs, insurance, and the sale of automotive parts and accessories. The industry is characterized by both traditional brick-and-mortar dealerships and an increasing presence of online platforms that facilitate vehicle purchases. Key factors influencing the industry include consumer demand, economic conditions, technological advancements, regulatory changes, and evolving consumer preferences towards electric and autonomous vehicles. The Automotive Retail industry plays a crucial role in connecting manufacturers with end users, offering a wide range of options and services to meet diverse transportation needs.