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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 | Jan 2015

Smooth drive: The industry is expected to benefit from looser access to credit

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
$107bn
Annual Growth 10-15
2.5%
Annual Growth 15-20
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Profit
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Employment
226,719
Businesses
122,913
Industry Analysis & Industry Trends

In the five years to 2015, revenue for the Used Car Dealers industry is expected to trend higher, albeit off a low recessionary base. Because the industry relies strongly on consumers to drive revenue growth, fluctuations in disposable income dictate the direction of the industry. Therefore, when disposable income plummeted in the midst of the recession, industry revenue followed suit. In the coming years, rising disposable income levels are anticipated to increase the likelihood an individual purchases a big-ticket item, such as a used automobile... purchase to read more

Industry Report - Industry Analysis Chapter

Used car dealers experienced a significant increase in sales in the wake of the economic recovery. As disposable income rises, consumers are more apt to purchase big-ticket items, such as a vehicle. Moreover, the industry is expected to benefit from looser access to credit. As economic conditions continue to improve, industry operators are increasingly seeking opportunities to generate greater returns. As a result, industry operators have been targeting individuals with below average credit scores. Not only does this expand the market for the industry, it also generates more revenue as consumers with below average credit pay higher interest rates... 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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