Automobile Dealers Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 11/15/2021
SIC Codes: 5511, 5521
NAICS Codes: 4411
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Automobile Dealers Industry Profile

Companies in this industry engage in retail sales of new and used passenger cars, light trucks, SUVs, and passenger and cargo vans. Major companies include AutoNation, CarMax, Group 1 Automotive, Penske Automotive Group, and Sonic Automotive (all based in the US), as well as Inchcape plc (UK), Jardine Cycle & Carriage (Singapore), Porsche Holding Salzburg (Austria), and Power Diversity Automobile Trade Group (China).

Worldwide, automobile dealers sell about 95 million new vehicles per year. Leading countries for auto sales, outside the mature markets of the US, Europe, and Japan, include Brazil, Russia, India, and China (the BRIC nations). After several years of annual growth, worldwide light vehicle sales dipped slightly in 2018 amid rising trade tensions and slower demand in China and some other emerging markets.

The US automobile dealer industry includes about 47,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $1 trillion.


Consumer spending and interest rates drive demand for cars. The profitability of individual companies depends on the volume and mix of cars and services sold. Large companies can offer a wider selection of cars and have advantages in marketing, purchasing, and finance. Small companies can compete effectively by offering superior customer service or serving a local market. The US industry is highly fragmented: the top 50 companies generate less than 15% of revenue. About 45% of dealerships have fewer than five ...

View Full Sample Add To Cart Return to the Industry Profile Menu
Add To Cart

Focus Profiles

Complement this Industry Profile by purchasing a Focus Profile. Automobile Dealers has one Focus Profiles that can help you better understand this industry:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options