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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Investment Chapter

New car dealerships require salespeople, technicians and office workers to operate. Labor costs have been volatile over the past five years. For example, wages are expected to account for 6.9% of industry revenue in 2016, down from 7.5% in 2011. This segment's decline has been were largely due to wage growth not keeping pace with revenue growth. Additionally, many industry operators are incorporating inventory management systems, which is further reducing the need for labor.

Furthermore, industry depreciation costs are low. By classifying vehicles as short-term assets, new car dealers tend to avoid significant depreciation expenses. Service equipment and the physical dealership are the industry's primary long-term assets... 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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