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New Car Dealers in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

New Car Dealers in Canada Market Research Report | NAICS 44111CA | Jan 2017

Full tank: New fuel-efficient models are anticipated to support industry demand

IBISWorld’s New 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
Industry Statistics & Market Size
Revenue
$115bn
Annual Growth 12-17
5.0%
Annual Growth 17-22
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Profit
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Employment
142,738
Businesses
3,674
Industry Analysis & Industry Trends

Over the five-year period, revenue for the New Car Dealers industry is expected to increase, bolstered by rising consumer confidence and disposable income. Rising disposable income encourages consumers to make big-ticket discretionary purchases such as new vehicles. In the coming years, new fuel-efficient models, in conjunction with stable consumer confidence, are anticipated to support industry demand. Additionally, improving economic conditions will boost employment and disposable income levels, which will enable consumers to purchase big-ticket items... purchase to read more

Industry Report - Industry Key Buyers Chapter

The New Car Dealers industry has a low level of market share concentration. The industry is highly fragmented, with the top four industry players expected to generate less than 20.0% of industry revenue in 2017. Moreover, 23.5% of industry dealers were nonemployers in 2016, according to Statistics Canada; the remaining 76.5% have one or more employees, according to Industry Canada.

Consolidation has increased over the past five years as larger automotive groups buy out smaller independent dealers. Additionally, a greater number of new car dealers are retiring. According to a March 2012PwC Automotive Dealer Trendsetter Survey, 75.0% of new car dealers may be fully retired within the next decade.

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Industry ProductsRelated ReportsTable of Contents

What is the New Car Dealers Industry?

This industry sells new and used passenger vehicles. Vehicles include passenger cars, light-duty trucks, sport utility vehicles (SUVs) and passenger vans. New car dealers also sell parts and provide repair services.

Industry Products
New vehiclesUsed vehiclesParts and repair services
 
Industry Activities
Selling new carsSelling new light trucksSelling used carsSelling used light trucksProviding vehicle maintenance and repairs


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