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| Products/Services Breakdown | |
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| Financial Metrics | |
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| Salary & Compensation Statistics | |
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| Public Company Information | |
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2024 U.S. Industry Statistics & Market Forecast - Automobile Dealers
Market Size & Industry Statistics
The total U.S. industry market size for Automobile Dealers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Automobile Dealers industry include:- Shift towards electric vehicles (EVs)
- Increase in online car sales and virtual showrooms
- Growing emphasis on sustainability and eco-friendly practices
- Integration of advanced technologies (AI, AR, IoT) in vehicles
- Expanding regulations and compliance standards
- Importance of after-sales services and customer relationship management
- Rising demand for used cars
- Supply chain disruptions impacting inventory and production
- Pressure to offer more competitive financing options
- Adoption of subscription service models for vehicle use
- Increased focus on safety features and autonomous driving technologies
- Collaboration with technology firms to innovate user experience
- Urbanization leading to changes in mobility needs and patterns
- Geopolitical tensions influencing trade and tariffs
Product & Services Breakdown
Research products and services in the Automobile Dealers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Recreational Vehicles, Parts & Accessories |
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New Recreational Vehicles, Parts & Accessories |
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Used Recreational Vehicles, Parts & Accessories |
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Boats & Other Sport Vehicles, Parts & Accessories |
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Cars, Trucks, Motorcycles, & Other Powered Transportation Vehicles |
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New Passenger Cars -- Retail |
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New Passenger Cars -- Fleet |
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New Vans & Trucks -- Retail |
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New Vans & Trucks -- Fleet |
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Used Passenger Cars -- Retail |
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Used Passenger Cars -- Wholesale (For Resale) |
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Used Vans, Minivans, Trucks, And Buses -- Retail |
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Used Vans, Minivans, Trucks, And Buses -- Wholesale |
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Motorcycles, Motor Scooters, Motor Bikes, Including Parts & Access |
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All Other Powered Transportation Vehicles |
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New Passenger Cars -- Leased |
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New Vans And Trucks -- Leased |
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New & Used Medium- & Heavy-Duty Trucks & Buses |
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Automotive Fuels |
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Automotive Lubricants, Including Oil, Greases. |
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Automotive Tires, Tubes, Batteries, Audio Equipment, Parts, Access |
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Automotive Tires & Tubes |
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Automotive Batteries |
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Automotive Parts, Used, Including Wheels |
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Automotive Audio Equipment, Components, Parts & Access |
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Automotive Parts, New & Rebuilt, Including Wheels |
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Automotive Accessories, Including Safety & Comfort Related Items |
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Automotive Supplies |
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All Other Merchandise |
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Utility Trailers, Including Horse/Livestock Trailers |
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All Other Merchandise, Excluding Lottery Ticket Sales/Commissions |
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All Nonmerchandise Receipts |
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Labor Charges To Customers For Work Performed By This Estab |
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Rental Of Automobiles Or Trucks |
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Labor Charges To Insurance Co For Work Performed By This Estab |
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Value Of Service Contracts |
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Commissions Rcvd For The Sale Of Credit Life Ins & Arr Of Financing |
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Labor Charges For Warranty & Extended Contract Work By This Estab |
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Parts, Paint, & Materials Installed In Repair & Charged Directly To Customers |
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Parts, Paint, & Materials Installed In Repair & Charged To Ins Cos |
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Labor Charges For Internal & Sublet Repair |
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Parts Installed In Repair & Covered By Warranty/Ext Svc Contract |
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Parts, Paint, & Materials Sold Internally & Installed In Repair |
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All Other Nonmerchandise Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Automobile Dealers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Automobile Dealers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Automobile Dealers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 6% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Sales and Related Occupations | 34% | |||
| Retail Sales Workers | 28% | |||
| Counter and Rental Clerks and Parts Salespersons | 8% | |||
| Retail Salespersons | 19% | |||
| Retail Salespersons | 19% | |||
| Office and Administrative Support Occupations | 15% | |||
| Information and Record Clerks | 6% | |||
| Installation, Maintenance, and Repair Occupations | 25% | |||
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 22% | |||
| Automotive Technicians and Repairers | 22% | |||
| Automotive Service Technicians and Mechanics | 20% | |||
| Transportation and Material Moving Occupations | 15% | |||
| Material Moving Workers | 7% | |||
| Laborers and Material Movers | 7% | |||
| Cleaners of Vehicles and Equipment | 6% | |||
Automobile Dealers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Automobile Dealers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Automobile Dealers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Automobile Dealers industry. |
Innovation News
- Jun 06, 2024: Truecar patents System, Method And Computer Program Product For Predicting A Next Hop In A Search Path
- Apr 11, 2024: Carvana patents Photographic Stage
- Apr 11, 2024: Carvana patents Photographic Stage
- Jan 31, 2024: Penske Automotive Group trademarks "CARENU" - Vehicle detailing services; automobile reconditioning services
- Jan 31, 2024: Penske Automotive Group trademarks "CARENU" - Vehicle detailing services; automobile reconditioning services
- Jan 30, 2024: Autocenters Herculaneum trademarks "WIGGIDY" -
- Sep 06, 2023: Revology Cars raises $13 million in funding.
- Jan 21, 2022: Caramel raises $10 million in funding.
- Jun 08, 2021: Carmax raises $98 million in funding.
Recent Federal Contracts for Automobile Dealers
- Mar 29, 2024: ALPHA TECHNOLOGY ASSOCIATE INC (Fairfax, VA) awarded $4,179,032
- Feb 19, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $22,634
