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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 | Feb 2016

Smooth drive: Rising disposable income levels will boost industry sales

IBISWorld’s Used Car Dealers market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$105bn
Annual Growth 11-16
2.1%
Annual Growth 16-21
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Profit
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Employment
241,650
Businesses
128,266
Industry Analysis & Industry Trends

In the five years to 2016, 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. 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 SWOT Analysis Chapter

The Used Car Dealers industry is mature and, relative to other automotive industries, is fairly resistant to economic downturns. Over the 10 years to 2021, industry value added, a measure of the industry's contribution to the economy, is expected to grow at an average annual rate of 2.2%. By contrast, GDP is expected to grow 2.3% 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. The Used Car Dealers industry generally suffers from a poor public image as a result of the industry's emphasis on high-margin sales techniques. Companies not following this trend, such as CarMax, are rapidly gaining market share over traditional dealerships... 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 truckVehicle financing


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