| Standard Report | Premium Report | |
|---|---|---|
| Current State of the Industry |  |
|
| Market Size (industry trends) | |
|
| Market Forecast (5-year projection) | |
|
| Products/Services Breakdown | |
|
| Revenue per State | |
|
| Financial Metrics | |
|
| Salary & Compensation Statistics | |
|
| Public Company Information | |
|
| Key Private Companies | |
|
| Government Vendors | |
|
| Instant Download - Available immediately upon purchase | |
|
Download both PDF and Excel
|
|
|
| Download now: |
2024 U.S. Industry Statistics & Market Forecast - Used Car Dealers
Market Size & Industry Statistics
The total U.S. industry market size for Used Car 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 Used Car Dealers industry include:- Rising interest rates affecting financing options
- Increased demand due to new car supply shortages
- Growing preference for online car buying platforms
- Enhanced focus on digital marketing and sales tools
- Rising popularity of electric and hybrid vehicles
- Fluctuations in trade-in values influenced by market demand
- Expansion of certified pre-owned programs
- Implementation of AI and data analytics for pricing and inventory management
- Shift towards providing more comprehensive customer services
- Environmental regulations impacting vehicle inventories
- Global economic uncertainties influencing consumer spending
Product & Services Breakdown
Research products and services in the Used Car 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 |
|||
Cars, Trucks, Motorcycles, & Other Powered Transportation Vehicles |
|||
Used Passenger Cars -- Retail |
|||
Used Passenger Cars -- Wholesale (For Resale) |
|||
Used Vans, Minivans, Trucks, And Buses -- Retail |
|||
Used Vans, Minivans, Trucks, And Buses -- Wholesale |
|||
New & Used Medium- & Heavy-Duty Trucks & Buses |
|||
Automotive Tires, Tubes, Batteries, Audio Equipment, Parts, Access |
|||
Automotive Parts, Used, Including Wheels |
|||
Automotive Parts, New & Rebuilt, Including Wheels |
|||
All Nonmerchandise Receipts |
|||
Labor Charges To Customers For Work Performed By This Estab |
|||
Value Of Service Contracts |
|||
Commissions Rcvd For The Sale Of Credit Life Ins & Arr Of Financing |
|||
Parts, Paint, & Materials Installed In Repair & Charged Directly To Customers |
|||
Labor Charges For Internal & Sublet Repair |
|||
Parts, Paint, & Materials Sold Internally & Installed In Repair |
|||
All Other Nonmerchandise Receipts |
|||
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) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| 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 Used Car 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 Used Car Dealers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| 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). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Used Car Dealers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| 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. |
|
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| 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. |
|
| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
|
| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
|
| 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. |
|
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 |
||
| 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% | |||
Used Car Dealers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Used Car 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 Used Car 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 Used Car Dealers industry. |
Source:
Innovation News
- Apr 11, 2024: Carvana patents Photographic Stage
- Apr 11, 2024: Carvana patents Photographic Stage
- Apr 11, 2024: Carvana patents Vehicle Photographic Chamber
- Oct 06, 2023: Vroom trademarks "GREEN LIGHTS ALL THE WAY" - repair and maintenance of automobiles; automobile service station services; automotive oil change services; vehicle repair and maintenance consultation
- Oct 06, 2023: Vroom trademarks "GREEN LIGHTS ALL THE WAY" - transportation, pickup, and delivery of goods; transportation, pickup, and delivery of vehicles
- Oct 06, 2023: Vroom trademarks "GREEN LIGHTS ALL THE WAY" - downloadable and recorded computer software and downloadable mobile device software for creating, managing, organizing, displaying, tagging, bookmarking, storing, sharing and providing electronic media and information over the Internet or other communications network; downloadable and recorded computer software and downloadable mobile device software to allow users to perform electronic business transactions via a global computer network; downloadable and recorded computer software and downloadable mobile device software for online retail store services featuring a variety of consumers goods of others; downloadable and recorded computer e-commerce software and downloadable mobile device e-commerce software to allow users to perform electronic business transactions via a global computer network; downloadable and recorded computer e-commerce software and downloadable mobile device e-commerce software to allow users to purchase and sell vehicles via a global computer network; downloadable and recorded computer software and mobile device software for creating, managing, organizing, displaying, tagging, bookmarking, storing, sharing and providing electronic media information about vehicles for sale
- 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.
Related Reports
Can't find what you're looking for? We have over a thousand
market research reports.
Ask us and an analyst will help you find what you need.