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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 | Sep 2014

Smoother drive: In-house financing options and rising disposable incomes will keep the industry competitive

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
$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

In the five years to 2014, revenue for the Used Car Dealers industry is expected to trend higher, albeit off a low recessionary base.When disposable income plummeted in the midst of the recession, industry revenue followed suit. In addition, consumers found it difficult to finance a vehicle with tighter credit standards, hampering demand. Nevertheless, disposable income rebounded in the latter part of the five-year period, along with looser credit standards, benefiting industry revenue. In the five years to 2019, rising disposable income levels and consumer confidence are anticipated to increase, increasing demand for big-ticket items such as used cars. However, interest rates are forecast to rise, deterring demand for vehicle purchases, threatening growth... 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

 


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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