New car dealerships sell new cars, trucks, SUVs, and passenger vans. Over the past 5 years, this industry generated over $1 trillion in revenue. According to IBIS World, we can expect healthy revenue and profit growth to continue in the years to come. As such, now is...
There are over 150,000 used car dealerships throughout the country. Together, these businesses generate over $36 billion per year. In the coming years, IBIS World predicts industry revenue to continue upwards. This is ideal if you are looking to start, buy, or expand...
Businesses in the new car dealing industry sell new and used vehicles such as cars, SUVs, trucks, and passenger vans. Many new car dealerships also sell auto parts and provide car repair services. According to IBIS World, this industry has performed well over the past...
Used car dealerships sell used vehicles such as cars, trucks, passenger vans, and SUVs to consumers. An industry report on IBIS World suggests that this industry has seen healthy growth in recent years, generating over $181.2 billion. Moving forward, used car...
Within the car dealership industry, there are used car dealerships and new car dealerships. Across the United States, there are nearly 22,000 new car dealerships and over 129,000 used car dealerships. Together the new and used car industry generates over $1 trillion...
Car dealerships are experiencing a shortage of cars on their lots. This is primarily due to supply chain shortages in the new car market. The lack of new cars is causing more individuals to hold onto used cars rather than buy a new car. Hence, used car dealerships are...
