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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 | Jan 2016

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

IBISWorld’s New Car Dealers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$798bn
Annual Growth 11-16
4.0%
Annual Growth 16-21
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Profit
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Employment
1,037,243
Businesses
18,104
Industry Analysis & Industry Trends

Over the five years to 2015, 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 2020, 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 2.5% over the 10 years to 2021. By contrast, GDP is expected to grow at an annualized rate of 2.3% over the same period. Although IVA is expected to grow at a faster rate than the overall economy, this is not indicative of a growing industry because the industry is still recovering from the low base provided by the economic recession. Industry revenue continued to rebound in the beginning of the 10-year period, as economic conditions improved and new vehicle sales increased.

This industry generally follows the overall economy, which is indicative of a mature industry... 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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