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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 | Aug 2014

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

The New Car Dealers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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

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 - Starting a New Business Chapter

The New Car Dealers industry experiences moderate barriers, including state regulations, manufacturer franchise agreements and start-up costs. Every state has different licensing requirements and regulations for new car dealers. For example, in California, the largest new car market, prospective new car dealers must submit to background and credit checks, obtain a surety bond and provide a current franchising agreement.

Additionally, dealer licenses and franchise agreements must be renewed annually. Franchise fees, which vary by brand, number of stores and distance from other franchises, cost an average $25,000 per year, with reduced fees for dealerships owned by women or ethnic minorities... 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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