Used Car Dealers in the US - Industry Market Research Report

Used Car Dealers in the US - Industry Market Research Report

  • August 2018 •
  • 33 pages •
  • Report ID: 184450
Good as new: Increases in per capita disposable income is forecast to buoy industry growth

Abstract

Used Car Dealers in the US
Over the five years to 2018, Used Car Dealers industry revenue is expected to grow, as rises in disposable income and easier access to credit enabled more consumers to afford industry products. Moreover, as economic conditions were generally favorable over the past five years, industry operators searched out new opportunities to generate higher returns. Over the five years to 2023, the industry is expected to continue growing, albeit at a subdued rate. Increases in per capita disposable income and consumer spending are forecast to buoy industry growth over the next five years; however, anticipated increases in overall household debt are expected to deter consumers from flocking to industry establishments as they did during the previous five-year period.

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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