Take the wheel: Rising disposable income at the state level has benefited the Pennsylvania industry

Over the five years to 2018, the New Car Dealers industry in Pennsylvania is expected to grow due to rising disposable income and consumer spending at the state level. As the economy continues to strengthen and consumers have more money to spend, they are more likely to purchase new vehicles. Additionally, the unemployment rate in Pennsylvania is expected to decrease from 7.3% in 2013 to 4.5% in 2018. This boosts industry revenue as 74.0% of individuals drive alone to work, according to the Alliance of Automotive Manufacturers. Therefore, as Pennsylvanians return to work, demand for new and used vehicles sold by state operators is likely to increase. As a result, over the five years to 2018, IBISWorld expects industry revenue to increase at an annualized rate of 0.5% to $31.4 billion...purchase to read more.

Industry Statistics & Market Size
Revenue
$31bn
Annual Growth 13-18
0.5%
Forecast Growth 18-23
Profit
Employment
49,292
Businesses
1,026

Industry Threats & Opportunities

  • The industry in Pennsylvania is anticipated to continue increasing in line with disposable income and consumer spending
  • Additional Insights for the New Car Dealers in Pennsylvania Industry

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

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    What's in this report

    What is the New Car Dealers in Pennsylvania 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 Confidence Index
  • Average age of vehicle fleet
  • Yield on 10-year Treasury note
  • Per Capita Disposable Income in Pennsylvania
  • Regulation for the Automotive sector

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - New Car Dealers in Pennsylvania 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 Pennsylvania 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 Pennsylvania 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 Pennsylvania

  • Basis of Competition
    Barriers to Entry
    H&H Chevrolet Cadillac, Hunter Trucks Sales & Service Inc., Keller Bros. Ford, Ron Lewis Automotive Group,
  • Table: H&H Chevrolet Cadillac - financial performance
  • Table: Hunter Trucks Sales & Service Inc. - financial performance
  • Table: Keller Bros. Ford - financial performance
  • Table: Ron Lewis Automotive Group - financial performance

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

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