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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

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
$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 SWOT Analysis Chapter

The Used Car Dealers industry is mature, and, relative to other automotive industries, has been fairly recession-resistant. Although used car dealers faced sharp revenue declines in 2009, the drops were modest in comparison with new car dealers. Over the 10 years to 2019, industry value added, a measure of the industry's contribution to the economy, is expected to grow at an average annual rate of 2.7%. By contrast, GDP is expected to grow 2.5% over the same period.

The number of used car dealerships is highly stable. Moreover, the industry has minimal barriers to entry, allowing individuals or nonemployers to participate. Nonemploying establishments are estimated to generate about 15.2% of industry revenue in 2014... 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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