Used Car Dealers in Texas - Industry Market Research Report

July 2020 •
24 pages •
Report ID: 5470310 •
Format: PDF

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All revved up: Expansive growth has been stifled by rising per capita debt

Abstract

Used Car Dealers in Texas
The Used Car Dealers industry in Texas is expected to trend higher over the five years to 2017. Since the industry relies strongly on consumers to drive revenue growth, fluctuations in disposable income dictate the direction of the industry. Therefore, when per capita disposable income trended upward during the five-year period, industry revenue followed suit. Over the next five years, rising personal income levels are anticipated to increase the likelihood of an individual purchasing a big-ticket item, such as a used automobile. 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.

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