The auto transportation industry has been around since the mid 1940’s and early 1950’s. It was common to see vehicles being transported on the railroads. In 1950, Volkswagen Engineers worked with German railroads to design a railroad car that could haul 10 vehicles on one car. Volkswagen’s two-level flatcar design effectively became the first autorack, entering service circa 1954.
Since the 1950’s technology has come a long way, we’ve found ourselves with better transportation options, faster shipping times, and we’re even able to ship more vehicles at once. The automobile shipping industry has taken more market share than first imagined.
In 2013 the auto transportation market share was only $813 million. With vehicle transport becoming more and more popular, the recent compound annual growth rate (CAGR) is 2.7%, creating a potential for the market to increase to $1.06 billion by 2029, according to The Ritz Harold.
What does this mean for you? Car shipping isn’t going anywhere. More consumers are opting to use this route when relocating versus driving their vehicle. Vehicle shipping experts know how to get the job done without issues, and can do it for the right price. The vehicle transportation industry is full of professionals, like MotorCarTrans, that can help you move your car across the state, or even the country.