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The New Car Dealers industry in Ohio sells new and used passenger vehicles, including passenger cars, light trucks, sport utility vehicles (SUVs) and passenger vans. Over the five years to 2018, disposable income and consumer spending in Ohio have increased in line with an overall improving US economy. When consumers have higher levels of disposable income and feel more confident making big-ticket purchases, demand for new vehicles trends upward. Consequently, over the five years to 2018, IBISWorld anticipates the industry will grow at an annualized rate of 3.9% to $34.3 billion, while enterprises decrease an annualized 0.2% over the same period and wages decline 0.3%...purchase to read more.

Industry Statistics & Market Size
Revenue
$34bn
Annual Growth 13-18
3.9%
Forecast Growth 18-23
Profit
Employment
43,894
Businesses
860

Industry Threats & Opportunities

  • Demand for new vehicles tends to ebb and flow with the fluctuations of interest rates
  • Additional Insights for the New Car Dealers in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the New Car Dealers in Ohio 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 Ohio and Average age of vehicle fleet in the New Car Dealers in Ohio industry impact industry performance..

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    What's in this report

    What is the New Car Dealers in Ohio 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 Ohio
  • Average age of vehicle fleet
  • Per capita disposable income in Ohio
  • Regulation for the Automotive sector
  • Yield on 10-year Treasury note

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - New Car Dealers in Ohio 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 Ohio Industry Products and Services Segmentation

  • Major Markets
  • Prime customers (661-780)
  • Super prime customers (781 or higher)
  • Nonprime customers (601-660)
  • Subprime customers (501-600)
  • Deep subprime customers
  • Chart: Major Market Segmentation for the New Car Dealers in Ohio 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 Ohio

  • Basis of Competition
    Barriers to Entry
    AutoNation Inc., Ganley Auto Group, Performance Automotive Network, Sonic Automotive Inc.,
  • Table: AutoNation Inc. - financial performance
  • Table: Ganley Auto Group - financial performance
  • Table: Performance Automotive Network - financial performance
  • Table: Sonic Automotive Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the New Car Dealers in Ohio 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 Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • New Car Sales (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 Ohio 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
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    This report on New Car Dealers in Ohio:
    • 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 Ohio 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 Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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