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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 | Dec 2014

Fast lane: Rising consumer confidence and new vehicle introductions will drive 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
$799bn
Annual Growth 09-14
8.4%
Annual Growth 14-19
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Profit
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Employment
1,192,639
Businesses
22,821
Industry Analysis & Industry Trends

While the recession hit new car dealers hard, the industry has since recovered in the five years to 2014. 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 2019, 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 SWOT Analysis Chapter

The New Car Dealers industry is in the mature stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, will grow at an estimated average annual rate of 4.7% over the 10 years to 2019. By contrast, GDP is expected to grow at an annualized rate of 2.5% over the same period, indicating that the industry is growing slower than the economy as a whole. It is important to note that industry revenue was in a free fall in 2009, skewing the 10-year figure upward. Industry revenue rebounded in 2010, though, as economic conditions improved and interest rates declined, providing consumers with an incentive to finance new vehicles... 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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