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Used Car Dealers in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Used Car Dealers in Canada Market Research Report | NAICS 44112CA | Mar 2016

Revved up: Rising demand for used vehicles will drive growth prospects

IBISWorld’s Used Car Dealers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 11-16
5.6%
Annual Growth 16-21
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Profit
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Employment
14,172
Businesses
7,809
Industry Analysis & Industry Trends

The Used Car Dealers industry has shifted gears since the economic downturn and has taken off at full speed. During the recovery, relatively high unemployment and limited disposable income caused consumers to cut back on discretionary purchases, such as cars. However, as economic conditions improved and consumer spending began to rise again, consumers released pent-up demand for big-ticket purchases, such as automobiles. In the coming years, rising demand for used vehicles, particularly for those five years and older, will foster industry growth... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Used Car Dealers industry is highly fragmented and has a low level of concentration. In 2016, AutoCanada Inc. is the only company that is expected to hold more than 5.0% of total market share. The company, which has benefited from several acquisitions in the past couple of years is estimated to make up 12.0% of the industry in 2016. The low concentration level reflects the large number of nonemployers operating within the industry and the industry's high level of competition. According to Statistics Canada, 68.0% of operators were nonemployers in 2014 (latest data available). This trend is expected to continue as technology, such as online automotive services, makes industry operators less reliant on labour... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Used Car Dealers Industry?

This industry sells used passenger vehicles, including cars, light trucks, sports utility vehicles and vans. Used car dealers also provide parts and repair services, as well as financing and insurance.

Industry Products
Used vehiclesParts and servicesFinancing and insurance
 
Industry Activities
Selling used carsSelling used light trucksWholesaling used vehiclesOffering vehicle financing


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