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New Car Dealers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

New Car Dealers Market Research Report | NAICS 44111 | May 2016

Fast lane: Rising consumer confidence and new vehicle introductions will drive industry growth

IBISWorld’s New Car Dealers 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.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$838bn
Annual Growth 11-16
5.1%
Annual Growth 16-21
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Profit
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Employment
1,076,674
Businesses
18,391
Industry Analysis & Industry Trends

Over the five years to 2016, increased discretionary spending and elevated confidence have led consumers to once again pursue big-ticket items, such as new vehicles. In addition, interest rates have plummeted, making the cost for consumers to finance vehicles relatively more affordable. In the five years to 2021, revenue for the New Car Dealers industry is forecast to grow. Continued gains in consumer confidence will drive the industry's recovery and increased discretionary spending will support greater demand for cars, SUVs and light trucks. Moreover, new vehicle introductions will drive consumer traffic to car dealers, thus aiding revenue growth... purchase to read more

Industry Report - Industry Key Buyers Chapter

The New Car Dealers industry is highly fragmented, with 31.1% of industry operators employing fewer than 20 people. Consolidation has gained pace over the past five years, with larger publicly traded dealership groups absorbing small dealerships. Widening profit margins and advantageous cost structures will propel additional growth of large dealer groups because they can spread fixed costs over many dealerships and can centrally coordinate marketing, purchasing and labor activities, which reduces expenses. While consolidation continues, though, the industry will remain highly fragmented, with the top four industry players accounting for an estimated 6.1% of industry revenue in 2016... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the New Car Dealers Industry?

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

Industry Products
New vehiclesUsed vehiclesParts and repair servicesFinance and insurance
 
Industry Activities
Selling new carsSelling new light trucks Selling used carsSelling used light trucksProviding vehicle maintenance and repairs


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