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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

The New Car Dealers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Analysis Chapter

Over the five years to 2014, the New Car Dealers industry is set to recover from the recession. Declining employment and disposable income levels brought on by the recession took their toll in 2009, pushing revenue down 4.3%. However, as economic conditions improve and consumers continue to unleash pent-up demand, revenue is expected to expand in 2014, increasing about 0.9%. Strong consumer sentiment, coupled with rising disposable income and low interest rates, is expected to fuel the industry. Over the five years to 2014, industry revenue is anticipated to increase at an annualized rate of 2.3% to $9.9 billion.

Recessionary years

The recession that began in late 2008 and continued through 2009 hurt new car dealers... 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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