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 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 32.2%) and the Great Lakes (about 15.1%) regions.
Texas is the state with the most used car dealerships, at 9.0% of the industry total. Texas represents about 8.2% of the US population. While Texas has several thriving population centers, particularly Dallas and Houston, the state is geographically huge... purchase to read more