Used car dealers benefited from offering independent financing solutions over the past five years. When disposable income started to increase early in the five-year period, industry revenue followed suit. Additionally, credit standards loosened and consumer confidence improved in light of stronger economic conditions. Over the next five years, although the industry is expected to benefit from positive economic indicators, particularly at the consumer level, there are potential threats that may inhibit further growth.
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.