Used Car Dealers in Florida
The Used Car Dealers industry in Florida relies heavily on consumers to drive revenue growth, and fluctuations in disposable income largely dictate the direction of the industry. Over the past five years, both per capita disposable income levels and access to credit increase and in turn, industry revenue followed suit, growing over the five years to 2017. Over the next five years, these trends are expected to continue, and revenue is forecast to grow, albeit at a slower rate. However, used car dealers are expected to continue to experience high levels of external competition from the New Car Dealers industry, as those operators increasingly turn to used car sales as a significant source of revenue.
This industry consists of establishments that sell used passenger vehicles, including passenger cars, light trucks, sport utility vehicles (SUVs) and passenger vans. Used car dealers also provide financing and insurance services. New car dealers that also sell used vehicles are not included in this industry.
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.