Off the lot: Strong consumer spending in Georgia and rising vehicle age have bolstered growth

The New Car Dealers industry in Georgia consists of operators that sell new and used passenger vehicles, along with offering repair and maintenance services and financing and leasing options. Over the five years to 2018, the industry has experienced healthy growth, with industry revenue expected to increase at an annualized rate of 2.0% to $24.1 billion, including estimated growth of 3.1% in 2018 alone. The industry has benefited from rising per capita disposable income levels and strong consumer spending in Georgia coupled with an aging vehicle fleet, leading many consumers to seek vehicle replacements or repair work for their existing vehicles.Still, it has not been a pure joy ride for industry operators over the past five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 13-18
2.0%
Forecast Growth 18-23
Profit
Employment
35,606
Businesses
630

Industry Threats & Opportunities

  • As the average age of the vehicle fleet continues to grow, more consumers are expected to be in need of repair and maintenance services or new vehicles altogether
  • Industry Report - Industry Locations Chapter

    Establishments in the New Car Dealers industry in Georgia are highly concentrated in areas with high shares of the population, such as Atlanta. Thus, a county or region's share of industry establishments is highly correlated with its share of the state's population. As a result, the North Metro region, home to DeKalb County, Fulton County and Gwinnett County, contains an estimated 27.6% of the state's industry establishments and the highest share of the state's population (32.2%). Additionally, DeKalb, Fulton and Gwinnett are three of the most popular counties for industry establishments. DeKalb county borders the state's largest city, Atlanta, and as a result is a hotspot for industry establishments, while Fulton county contains 90.0% of Atlanta. Oth...purchase to read more.

    Additional Insights for the New Car Dealers in Georgia Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the New Car Dealers in Georgia Industry are

  • Provision of superior after sales service
  • Use of high volume/low margin strategy
  • Internet presence
  • IBISWorld analysts also discuss how external factors such as Consumer spending in Georgia and Average age of vehicle fleet in the New Car Dealers in Georgia industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the New Car Dealers in Georgia Industry?

    This industry sells new and used passenger vehicles. Vehicles include passenger cars, light trucks, sport utility vehicles (SUVs) and passenger vans. New car dealers also sell parts and provide repair services.

    Industry Products
  • New vehicles
  • Used vehicles
  • Parts and repair services
  • Finance and insurance
  • Industry Activities
  • Selling new cars
  • Selling new light trucks
  • Selling used cars
  • Selling used light trucks
  • Providing vehicle maintenance and repairs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending in Georgia
  • Average age of vehicle fleet
  • Yield on 10-year Treasury note
  • Per capita disposable income in Georgia
  • Regulation for the Automotive sector

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - New Car Dealers in Georgia Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Automobile Wholesaling
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing

  • Products & Services
  • New vehicles
  • Used vehicles
  • Parts and repair services
  • Finance and insurance
  • Chart: New Car Dealers in Georgia Industry Products and Services Segmentation

  • Major Markets
  • Prime customers
  • Superprime customers
  • Nonprime customers
  • Subprime customers
  • Deep-subprime customers
  • Chart: Major Market Segmentation for the New Car Dealers in Georgia Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs New Car Dealers in Georgia

  • Basis of Competition
    Barriers to Entry
    Atlanta Luxury Motors Mall of Georgia, AutoNation Inc., Penske Automotive Group Inc., Ed Voyles Automotive Group,
  • Table: Atlanta Luxury Motors Mall of Georgia - financial performance
  • Table: AutoNation Inc. - financial performance
  • Table: Penske Automotive Group Inc. - financial performance
  • Table: Ed Voyles Automotive Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the New Car Dealers in Georgia Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the New Car Dealers in Georgia Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer Spending in Georgia (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big Three
  • Industry term for the three largest domestic automakers: General Motors, Ford and Chrysler.
  • Floor Plan Financing
  • A type of financing used to fund purchases of vehicles intended for sale.
  • Light-Duty Vehicle
  • A passenger vehicle, sport utility vehicle or truck weighing less than 14,000 pounds.
  • Powertrain
  • A vehicle's engine and transmission combination.
  • Surety Bond
  • A three-party agreement in which the third-party, or surety, agrees to fulfill contractual obligations.
  • Term Asset-Backed Securities Loan Facility (Talf)
  • A Federal Reserve program that issues asset-backed securities collateralized by student loans, auto loans, credit card loans and loans guaranteed by the Small Business Administration.
  • What Our Customers Say

    Why buy this report?

    The New Car Dealers in Georgia industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on New Car Dealers in Georgia:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The New Car Dealers in Georgia market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on New Car Dealers in Georgia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear