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Used Car Dealers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Used Car Dealers Market Research Report | NAICS 44112 | Jul 2015

Smooth drive: Rising disposable income levels will boost industry sales

IBISWorld’s Used 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
$106bn
Annual Growth 10-15
2.7%
Annual Growth 15-20
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Profit
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Employment
245,593
Businesses
132,965
Industry Analysis & Industry Trends

In the five years to 2015, revenue for the Used Car Dealers industry is expected to trend higher, albeit off a low recessionary base. Because the industry relies strongly on consumers to drive revenue growth, fluctuations in disposable income dictate the direction of the industry. In the coming years, rising disposable income levels are anticipated to increase the likelihood an individual purchases a big-ticket item, such as a used automobile... purchase to read more

Industry Report - Starting a New Business Chapter

The Used Car Dealers industry has minimal barriers to entry, with low investment requirements and no franchise agreements. Used car dealers' main barriers to entry are availability of sufficient financing and a suitable store location. Store locations vary widely in quality, with locations in high-traffic areas particularly sought after. Used car dealers require some form of financing, often the owner's equity, to purchase vehicles for sale and finance customers' purchases. Ample financing is a particularly urgent requirement for dealers engaged in “buy here, pay here” (BHPH) financing arrangements, which carry a high risk of default. New entrants to this industry will find that competition from existing used car dealers represents the most significant barrier to entry... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Used Car Dealers Industry?

This industry sells used passenger vehicles, including passenger cars, light trucks, sports utility vehicles (SUVs) and passenger vans. Used car dealers also provide financing and insurance services.

Industry Products
Used vehiclesParts and servicesFinancing and insurance
 
Industry Activities
Used automobileUsed light truckVehicle financing


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