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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 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 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 Key Buyers Chapter

The Used Car Dealers industry is highly fragmented and has a low level of concentration. In 2014, no dealer is expected to hold more than 5.0% of total market share. The low concentration level reflects the large number of nonemployers operating within the industry and the industry's high level of competition. According to Statistics Canada, 60.9% of operators are nonemployers. This trend is expected to continue as technology, such as online automotive services, makes industry operators less reliant on labour... 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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