Used Car Dealers in California
The Used Car Dealers industry in California is expected to trend higher over the five years to 2017. Since the industry relies strongly on consumers to drive revenue growth, fluctuations in disposable income dictate the direction of the industry. Therefore, when per capita disposable income trended upward in the five-year period, industry revenue followed suit. Used car dealers benefited from offering independent financing solutions over the past five years. While new car dealers rely on financing companies to fund consumers' purchases, used car dealers often offer in-house financing, which is more flexible and allows customers with any level of credit to make a purchase. California has green incentives that encourage drivers to purchase newer, more eco-friendly vehicles as opposed to older vehicles. Despite this threat, IBISWorld expects industry revenue to grow at an annualized rate of 2.7% to $12.2 billion over the next five years.
This industry sells used passenger vehicles, including passenger cars, light trucks, sports utility vehicles (SUVs) and passenger vans. Used car dealers also provide financing and insurance services.
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.
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