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 - Industry Locations Chapter
The distribution of used car dealerships broadly follows population trends, though regions with particularly car-friendly cultures and infrastructure tend to be over-represented. This relationship is further complicated by population density patterns, which enable dealerships and salesmen in densely populated areas to serve customers more efficiently than rural dealers. Most dealerships are located in the Southeast (an estimated 32.5%) and the Great Lakes (about 15.0%) regions.
Texas is the state with the most used car dealerships, at 8.7% of the industry total. Texas represents about 8.0% of the US population. While Texas has several thriving population centers, particularly Dallas and Houston, the state is geographically huge... purchase to read more