SEARCH   
MEMBER LOGIN    

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 | May 2014

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

IBISWorld’s Used Car Dealers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$101bn
Annual Growth 09-14
3.5%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
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 over the five years to 2019 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 SWOT Analysis Chapter

The Used Car Dealers industry is mature, and, relative to other automotive industries, has been fairly recession-resistant. Although used car dealers faced sharp revenue declines in 2009, the drops were modest in comparison with new car dealers. Over the 10 years to 2019, industry value added, a measure of the industry's contribution to the economy, is expected to grow at an average annual rate of 2.7%. Similarly, GDP is expected to grow 2.7% over the same period.

The number of used car dealerships is highly stable. Moreover, the industry has minimal barriers to entry, allowing individuals or nonemployers to participate. Nonemploying establishments are estimated to generate about 15.2% of industry revenue in 2014... 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


View Sample
Quote
Select Clients