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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 2014

Hit the road: Rising consumer confidence will revive the industry as consumers resume purchasing new cars

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
$592bn
Annual Growth 09-14
2.1%
Annual Growth 14-19
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Profit
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Employment
931,993
Businesses
18,420
Industry Analysis & Industry Trends

The past five years have been chaotic for the automotive sector. As new vehicle sales slowed, new car dealers increasingly looked to their parts and service departments for revenue. Over the five years to 2019, new car dealers will continue to shift to parts-and-service-oriented business models to revive revenue. Additionally, the introduction of new European-based models that cater to consumer preferences of fuel efficiency will encourage drivers to trade in for new cars... purchase to read more

Industry Report - Industry Analysis Chapter

Making financing tight and sales scarce, the recession hit new car dealers especially hard. Light-duty vehicle sales fell 21.5% to 10.6 million in 2009 according to WardsAuto, a leading resource for the automotive sector. New car dealers fought for survival during this challenging time. General Motors and Chrysler dealers were particularly unfortunate; 2,800 dealerships carrying their products had their franchise contracts revoked due to bankruptcy restructuring. Nevertheless, despite a decline in 2011, these trends reversed since 2010, bolstered by improving economic conditions, such as rising consumer confidence and disposable income... 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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