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New Car Dealers in Canada: Market Research Report

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

New Car Dealers in Canada Market Research Report | NAICS 44111CA | Nov 2015

Revving up: Falling unemployment will create higher incomes and an increased demand for new cars

IBISWorld’s New Car Dealers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$101bn
Annual Growth 10-15
3.4%
Annual Growth 15-20
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Profit
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Employment
119,569
Businesses
3,424
Industry Analysis & Industry Trends

Over the five years to 2015, improving economic conditions has contributed to revenue growth for New Car Dealers in Canada industry. Bolstered by rising consumer confidence and disposable income after the recession, consumers who held off on new car purchases are expected to contribute to industry revenue over the period. Over the five years to 2020, the industry expected to benefit from a slew of new vehicle models, with fuel-efficient vehicles particularly becoming a driver of demand as fuel prices rise and consumers look to purchase vehicles with a higher miles per gallon rate... purchase to read more

Industry Report - Industry Products Chapter

New vehicles

In 2015, new vehicle sales are estimated to generate 60.9% of industry revenue. As disposable income continues to trend higher, consumers will be more apt to purchase new vehicles, increasing this segment's share of revenue. This segment is also expected to benefit from new vehicle models that incorporate the latest technology and easing credit terms.

Used vehicles

New car dealers buy used vehicles through auctions and customer trade-ins, selling them at higher margins than new vehicles. Even so, used vehicles offer a compelling value alternative to shoppers. According to Manheim, consumers are willing to pay more for vehicles with higher mileage. For example, in 2010, a vehicle with 58,500 miles would sell for about $9,500... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the New Car Dealers Industry?

This industry sells new and used passenger vehicles. Vehicles include passenger cars, light-duty trucks, sport utility vehicles (SUVs) and passenger vans. New car dealers also sell parts and provide repair services.

Industry Products
New vehiclesUsed vehiclesParts and repair services
 
Industry Activities
Selling new carsSelling new light trucksSelling used carsSelling used light trucksProviding vehicle maintenance and repairs


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