Used Car Dealers in Canada - Industry Market Research Report

Used Car Dealers in Canada - Industry Market Research Report

  • April 2018 •
  • 28 pages •
  • Report ID: 4564228 •
  • Format: PDF
Engine troubles: External competition will inhibit profit growth in the industry

Abstract

Used Car Dealers in Canada
The Used Car Dealers industry in Canada has shifted gears and taken off at full speed over the five years to 2018. As economic conditions have improved and consumer spending has increased during the five-year period, consumers have released pent-up demand for big-ticket purchases such as automobiles. Industry profit margins have also expanded over the past five years, supported by higher average selling prices. Vehicle prices began to rise during the first half of the five-year period due to limited inventory. However, the overnight rate is expected to rise significantly in coming years, making vehicle financing more expensive and less desirable. As a result, demand for used vehicles is expected to slow during the upcoming period.

This industry sells used passenger vehicles, including cars, light trucks, sports utility vehicles and vans. Used car dealers also provide parts and repair services, as well as financing and insurance.

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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