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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 | Apr 2015

Fast lane: Rising consumer confidence and new vehicle introductions will drive industry 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
$848bn
Annual Growth 10-15
6.8%
Annual Growth 15-20
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Profit
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Employment
1,040,097
Businesses
19,148
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 Key Buyers Chapter

The New Car Dealers industry is highly fragmented, with 37.1% of industry firms employing fewer than 20 people. Consolidation has gained pace over the past five years, with larger publicly traded dealership groups absorbing small dealerships. Widening profit margins and advantageous cost structures will propel additional growth of large dealer groups because they can spread fixed costs over many dealerships and can centrally coordinate marketing, purchasing and labor activities, which reduces expenses. While consolidation continues, though, the industry will remain highly fragmented, with the top four industry players accounting for less than 10.0% of industry revenue in 2015... 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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