New Car Dealers in the US
Operators in the New Car Dealers industry sell new and used passenger vehicles, provide repair and maintenance services and offer financing and insurance options. The industry is highly cyclical in nature and is vulnerable to economic shifts such as fluctuations in employment, overall consumer spending and financing rates. Over the five years to 2018, the industry has trended upward, as per capita disposable income and consumer confidence have risen, encouraging consumers to increase spending on discretionary purchases. Over the five years to 2023, industry revenue is projected to continue its upward trajectory, albeit at a slightly slower pace than during the previous five-year period. Gains in disposable income, coupled with an aging vehicle fleet, are expected to drive industry growth over the next five years. However, as interest rates continue to climb, bouncing back from the historic lows experienced over the past five years, financing new and used vehicles is expected to become more expensive and less desirable.
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.
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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