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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 | Feb 2016

Smooth drive: Rising disposable income levels will boost industry sales

IBISWorld’s Used 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
$105bn
Annual Growth 11-16
2.1%
Annual Growth 16-21
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Profit
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Employment
241,650
Businesses
128,266
Industry Analysis & Industry Trends

In the five years to 2016, 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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