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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 Key Buyers Chapter

The Used Car Dealers industry is highly fragmented, with nonemploying dealerships representing about 75.7% of establishments. In 2014, the top four firms account for less than 20.0% of industry revenue, with the largest used car dealer, CarMax, generating about 13.5% of revenue. Industry concentration has increased over the five years to 2014. Most of this growth has occurred at CarMax's dealerships, which have been gaining market share over smaller dealerships due to the company's unique approach to used car sales, emphasizing convenience and quality. Traditional used car dealerships differ significantly from this approach, preferring to maximize profit on each individual sale.

The industry is firmly in the mature phase of its life cycle... 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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