Industry Analysis & Industry Trends
The Used Car Dealers industry has since shifted gears since the economic downturn and has taken off at full speed. as economic conditions improved and consumer spending began to rise again, consumers released pent-up demand for big-ticket purchases, such as automobiles. Moreover, consumers, still wary of the economic climate, increasingly opted to purchase used vehicles over new ones, helping to boost sales.These trends are expected to continue in the five years to 2020, bolstering demand. Additionally, acquisition activity is expected to remain prominent over the five-year period, as industry operators vie for a greater share of the market... purchase to read more
Industry Report - Industry Products Chapter
Used car dealers sell used light vehicles, including cars and trucks. Used vehicle sales have risen over the past five years. According to DesRosiers Automotive Consultants, used vehicles generated 56.6% of total vehicle sales in 2000; in 2011, they accounted for 65.0% of revenue (latest data available).
Used light trucks
In 2015, used light trucks are expected to account for 54.4% of industry revenue. The Ford F-series trucks are the most popular trucks among consumers. Growth in used truck sales has fluctuated over the past five years. While demand declined during the recessionary years, it has since picked up, especially in the western provinces where there is a significant rural population... purchase to read more