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 - Industry Products Chapter
The Used Car Dealers industry generates revenue by selling used vehicles and providing vehicle parts and services. Financing and insurance services, which are directly tied to used vehicle sales, also generate a significant share of industry revenue. Used car dealers directly compete with the Auto Mechanics (IBISWorld report 81111) and New Car Dealer (44111) industries for maintenance work. The parts and services segment is gaining importance in all three industries, which will intensify competition.
Used car dealers frequently operate in under-supplied niches of these markets, in particular catering to individuals with poor access to credit... purchase to read more