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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 2014

A smoother drive: In-house financing options will keep the industry competitive

The Used 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
$101bn
Annual Growth 09-14
3.5%
Annual Growth 14-19
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Profit
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Employment
225,849
Businesses
126,097
Industry Analysis & Industry Trends

Like most automotive industries, the Used Car Dealers industry felt the impact of the recession and the dramatic slowdown in consumer spending. However, the industry has been somewhat recession-resistant due to its in-house financing arrangements. Growth in the next five years will be moderate as used car dealers will face increased competition from new car dealers. The adoption of "lease here, buy here" financing options will help used car dealers stay competitive and increase profitability, but the effects of new legislation on financing practices will remain uncertain... 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 truckUsed vehicleVehicle financing


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