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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 | Feb 2014

Revving up: Renewed demand for used vehicles and higher prices will drive industry revenue

IBISWorld’s Used Car Dealers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 09-14
3.6%
Annual Growth 14-19
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Profit
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Employment
13,345
Businesses
6,400
Industry Analysis & Industry Trends

As a result of the recession that began in late 2008, consumers facing unemployment and limited disposable income avoided large discretionary purchases, such as cars. Beginning in 2010, however, the economy began to improve and consumer spending began to rise. Rising demand for used vehicles, particularly for those five years and older, will likely lead growth in the next five years. Nonetheless, many firms are expected to forgo significant expansion of their operations. Rather than expanding into new markets with new locations, dealers will instead prefer to increase inventory at their existing retail outlets, hoping to leverage higher sales from an existing customer base... purchase to read more

Industry Report - Industry Analysis Chapter

The Used Car Dealers industry experienced volatile conditions during the recession; however, industry demand has since picked up and is expected to trend higher. Due to reduced disposable income, increased unemployment and weakened consumer spending during the recession, used car dealers experienced sales declines in 2009. As a result, many operators were forced to close unprofitable locations, causing the number of used car dealerships to decline 5.3% that same year. Since then, however, improving economic conditions and higher prices for new vehicles brought on by stringent government regulations have been supporting the industry's return to growth... 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 light trucksUsed cars
 
Industry Activities
Selling used carsSelling used light trucksWholesaling used vehiclesOffering vehicle financing


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