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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 | May 2014

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

IBISWorld’s Used Car Dealers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 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 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

 


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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