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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 | Jun 2016

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

IBISWorld’s Used 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
$8bn
Annual Growth 11-16
4.2%
Annual Growth 16-21
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Profit
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Employment
14,312
Businesses
7,827
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. Over the next five years, rising demand for used vehicles, particularly for those five years and older, will foster industry growth. However, rising overnight rates, may inhibit revenue growth's full potential... purchase to read more

Industry Report - Industry Locations Chapter

The industry is generally spread according to share of population. According to the Automotive Industry Association of Canada, 51.0% of two-person households and 57.0% of four-person households have at least two vehicles. The majority of industry sales are completed in Ontario and Quebec, which combine for an estimated 67.0% of sales volume in 2016, according to data sourced from Statistics Canada. With a population of more than 35.0 million dispersed over a large geographic area, the majority of the population tends to live in the southern part of the country, which is also the home to 17 of Canada's largest cities. For example, about 61.5% of the Canadian population lives in the provinces of Quebec and Ontario... 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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