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Truck Dealers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck Dealers Market Research Report | Consumer Goods & Services | Sports & Recreation | Mar 2015

Keep on trucking: Pent-up demand and pre-buying activity will drive short-term growth

IBISWorld’s Truck Dealers market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$108bn
Annual Growth 10-15
6.8%
Annual Growth 15-20
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Profit
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Employment
130,138
Businesses
2,414
Industry Analysis & Industry Trends

The Truck Dealers industry has benefited since 2010 from recovering demand from the manufacturing, construction and trucking sectors, and industry revenue has inched toward prerecession levels in recent years. The economic recovery released pent-up demand from the industry's primary markets, resulting in a strong increase in sales of heavy-duty trucks. However, new federal fuel-efficiency regulations will be a double-edged sword for the industry going forward; in the short-term, dealers may experience pre-buying activity as customers move to preempt impending price hikes, while in the long-term, higher purchasing costs from manufactures will likely constrain profit margins. Nevertheless, positive economic trends are expected to sustain industry growth in the next five years.... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry in the Truck Dealers industry are moderate. Barriers include state regulations, manufacturer franchise agreements and start-up costs. The industry is highly fragmented, with no company holding a significant market share of more than 5.0%. However, this low concentration leads to high competition that is often based on price and can make it difficult for new entrants to create profit. New entrants must be able to establish a positive reputation with downstream customers to make sales and secure potential contracts.

Dealers entering the industry face significant capital costs; industry operators must make large, up-front investments in inventory purchases, dealership lots and skilled mechanics... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Truck Dealers Industry?

This industry is comprised of operators that sell new and used medium- and heavy-duty commercial trucks. In addition to new truck sales, many companies offer a wide variety of used trucks and new truck parts. Many dealers also provide truck repair services. This industry does not include light truck or sport utility vehicle (SUV) dealers.

Industry Products
New medium- and heavy-duty trucksUsed medium- and heavy-duty trucksParts and repair services
 
Industry Activities
New commercial truck salesUsed commercial truck salesSales of commercial truck partsCommercial truck repair services


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