Automobile Wholesaling in the US - Industry Market Research Report
Description
Automobile Wholesaling in the US
The industry creates an efficient marketplace for selling new and used automobiles, light trucks, SUVs, heavy trucks, motorcycles, trailers, buses and motor homes. Motor vehicle parts or tire sellers are not included in this industry. Through 2023, wholesalers' performance is volatile and mixed. New car sales, a strong indicator of performance in the consumer market segment, were weak. At the same time, business sentiment was strong for some years, supporting larger vehicle wholesaling. COVID-19 supply-side shocks in 2020 curtailed industry demand and purchases, leading industry revenue to decline at a CAGR of 4.1% to $677.1 billion through 2023. Similarly, industry profit, measured as earnings before interest and taxes, is expected to decline to 2.4%, as revenue declines less sharply at 1.4% in 2023 alone.
Companies in this industry wholesale a wide range of new and used vehicles, including automobiles, light trucks, motor homes, heavy-duty trucks, trailers and motorcycles. Automobile wholesalers do not sell motor vehicle parts or tires.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The industry creates an efficient marketplace for selling new and used automobiles, light trucks, SUVs, heavy trucks, motorcycles, trailers, buses and motor homes. Motor vehicle parts or tire sellers are not included in this industry. Through 2023, wholesalers' performance is volatile and mixed. New car sales, a strong indicator of performance in the consumer market segment, were weak. At the same time, business sentiment was strong for some years, supporting larger vehicle wholesaling. COVID-19 supply-side shocks in 2020 curtailed industry demand and purchases, leading industry revenue to decline at a CAGR of 4.1% to $677.1 billion through 2023. Similarly, industry profit, measured as earnings before interest and taxes, is expected to decline to 2.4%, as revenue declines less sharply at 1.4% in 2023 alone.
Companies in this industry wholesale a wide range of new and used vehicles, including automobiles, light trucks, motor homes, heavy-duty trucks, trailers and motorcycles. Automobile wholesalers do not sell motor vehicle parts or tires.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
41 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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