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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 | Apr 2014

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

IBISWorld’s New Car Dealers market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 09-14
2.3%
Annual Growth 14-19
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Profit
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Employment
135,753
Businesses
4,172
Industry Analysis & Industry Trends

Over the five years to 2014, 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 2019, 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 2014, new vehicle sales are estimated to generate 60.5% of industry revenue. Demand for new vehicles fell during the recession as disposable income dropped, but has since picked up. New car dealers continue to benefit from pent-up demand being released, new models and easing credit terms. According to data sourced from Automotive News, a leading automotive publication, the Ford F-Series was the best-selling truck in 2013. Moreover, the Honda Civic was the best-selling car during the same year.

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... 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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