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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 | Sep 2014

Smoother drive: In-house financing options and rising disposable incomes 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

In the five years to 2014, revenue for the Used Car Dealers industry is expected to trend higher, albeit off a low recessionary base.When disposable income plummeted in the midst of the recession, industry revenue followed suit. In addition, consumers found it difficult to finance a vehicle with tighter credit standards, hampering demand. Nevertheless, disposable income rebounded in the latter part of the five-year period, along with looser credit standards, benefiting industry revenue. In the five years to 2019, rising disposable income levels and consumer confidence are anticipated to increase, increasing demand for big-ticket items such as used cars. However, interest rates are forecast to rise, deterring demand for vehicle purchases, threatening growth... 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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