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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

Over the five years to 2016, revenue for the Used Car Dealers industry is expected to trend higher. Improving economic conditions encouraged consumers to release pent-up demand for big ticket items such as a vehicle. Additionally, despite rising disposable income, many people are still cautious about spending, and therefore opt to purchase used vehicles instead of more expensive new ones. These positive factors will help revenue rise at an annualized rate of 5.6% to $8.2 billion over the five years to 2016, including growth of 2.8% in 2016.

Furthermore, consumers regard used vehicles as a more economically sound purchase than a new vehicle... 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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