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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 | Jan 2015

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

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
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 10-15
1.8%
Annual Growth 15-20
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Profit
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Employment
13,211
Businesses
6,126
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 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 66.5% of sales volume in 2015, according to data sourced from Statistics Canada. With a population of more than 34.0 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 62.0% 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 light trucksUsed cars
 
Industry Activities
Selling used carsSelling used light trucksWholesaling used vehiclesOffering vehicle financing


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