The report entitled “The US Auto Dealership Market: Size, Trends & Forecasts (2018-2022)”, provides analysis of the US auto dealership market, with detailed analysis of market size by value and segments.
Under competitive landscape, different players in the US auto dealership market have been compared on the basis of revenue and number of dealerships followed by a comparison of US based auto dealer companies on the basis of share.
Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall auto dealership market has also been forecasted for the years 2018-2022, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Some of the key companies operating in the US auto dealership market have been profiled in this report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
1. Executive Summary
2.1 Auto Dealership: An Overview
2.2 History of Auto Dealership
2.3 Advantages and Disadvantages of Auto Dealerships
2.4 Auto Dealership Market Segments
3. The US Market Analysis
3.1 The US Auto Dealership Market: An Analysis
3.1.1 The US Auto Dealership Market by Value
3.1.2 The US Auto Dealership Market by Segments (New Cars Dealership, Used Cars Dealership, Parts and Services, Finance and Insurance)
3.2 The US Auto Dealership Market: Segment Analysis
3.2.1 The US New Cars Auto Dealership Market by Value
3.2.2 The US Used Cars Auto Dealership Market by Value
3.2.3 The US Parts and Services Auto Dealership Market by Value
3.2.4 The US Finance and Insurance (F&I) Auto Dealership Market by Value
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Greater Influx of Off-lease Vehicles in the Coming Years
4.1.2 Rising Interest Rates on New Vehicles
4.1.3 Incentives on New Cars
4.1.4 Introduction of Standalone Stores in the US
4.1.5 Increasing Share of CPO Sales from Franchised Dealers
4.2.1 Limited Dealers offering Hassle Free Customer Experience
4.2.2 Reducing Customer Satisfaction
4.2.3 Auto Dealer Industry Vulnerable to Economic Depressions
4.3 Market Trends
4.3.1 Opportunities for New Entrants
4.3.2 Spike in Omni Channel Investments
5. Competitive Landscape
5.1 The US Auto Dealership Market Player Comparison
5.1.1 The US Auto Dealership Market Player Comparison by Revenue and Dealership
5.1.2 The US Auto Dealership Market Players by Share
5.1.3 The US Used Car Market by Players
6. Company Profiles
6.1 AutoNation Inc.
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategy
6.2 Penske Automotive Group
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategy
6.3 Group 1 Automotive Inc.
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategy
6.4 Lithia Motors Inc.
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategy
List of Figures and Tables
Figure 1: Auto Dealership Market Segments
Figure 2: The US Auto Dealership Market by Value; 2013-2017 (US$ Trillion)
Figure 3: The US Auto Dealership Market by Value; 2018-2022 (US$ Trillion)
Figure 4: The US Auto Dealership Market by Segments; 2017 (Percentage,%)
Figure 5: The US New Cars Auto Dealership Market by Value; 2013-2017 (US$ Billion)
Figure 6: The US New Cars Auto Dealership Market by Value; 2018-2022 (US$ Billion)
Figure 7: The US Used Cars Auto Dealership Market by Value; 2013-2017 (US$ Billion)
Figure 8: The US Used Cars Auto Dealership Market by Value; 2018-2022 (US$ Billion)
Figure 9: The US Parts and Services Auto Dealership Market by Value; 2013-2017 (US$ Billion)
Figure 10: The US Parts and Services Auto Dealership Market by Value; 2018-2022 (US$ Billion)
Figure 11: The US F&I Auto Dealership Market by Value; 2013-2017 (US$ Billion)
Figure 12: The US F&I Auto Dealership Market by Value; 2018-2022 (US$ Billion)
Figure 13: Average Sales Price Comparison: New Vs 3 Year Old Vehicle; 2012-2017 (US$ Thousand)
Figure 14: New Vehicle Finance APR; 2013-2018 (Percentage,%)
Figure 15: CPO % Share of Franchised Used Sales
Figure 16: Percentage of Customer Indicating Dealer/ Purchase Process Included Attribute
Figure 17: Customer Satisfaction Rate with Traditional Used Car Process
Figure 18: Retailers Online Used Vehicle Inventory Units
Figure 19: The US Auto Dealership Market Players by Share; 2017 (Percentage,%)
Figure 20: The US Used Car Market by Players; 2017 (Percentage,%)
Figure 21: AutoNation Inc. Revenues; 2013-2017 (US$ Billion)
Figure 22: AutoNation Inc. Revenue by Segments;2017 (US$ Billion)
Figure 23: Penske Revenues; 2013-2017 (US$ Billion)
Figure 24: Penske Revenue by Segments; 2017 (Percentage,%)
Figure 25: Penske Revenue by Region; 2017 (Percentage,%)
Figure 26: Group 1 Revenues; 2013-2017 (US$ Billion)
Figure 27: Group 1 Revenue by Segment; 2017 (Percentage,%)
Figure 28: Lithia Revenues; 2013-2017 (US$ Billion)
Figure 29: Lithia Revenues by Segments; 2017 (Percentage,%)
Table 1: Auto Dealership Market Segments Description
Table 2: Top 10 Dealership Groups Based in the US -2017 rankings (US$ Million)
An auto dealership is defined as a business whose main task is to sell new or used cars at the retail level. The selling of the new or used car is based on a dealership contract with an automaker or its sales subsidiary. Car dealerships are usually franchised to sell and service vehicles by specific companies. It is considered more safe to buy a car from auto dealers in comparison to private parties because of the former’s compulsion to abide by stringent laws. The auto dealership market can be divided into four segments namely new car dealers, used car dealers, parts and services and finance and insurance (F&I) services.
The US auto dealership market is forecasted to grow at a health rate during the forecast period (2018-2022). The market is supported by various growth drivers such as greater influx of off lease vehicles in the US in the years to come, hike in interest rates on new vehicles, incentives on new cars, introduction of standalone stores and gradually rising share of CPO sales from franchised dealers.
However, the market also faces some challenges such as limited number of auto dealerships offering hassle free customer experience, reducing customer satisfaction with traditional used car purchases and vulnerability of auto dealer industry to economic depressions.
New entrants like Vroom and Carvana making attempts to improve the satisfaction of customers from auto dealers and spike in omni channel investments by leading players in the auto dealer industry are some of the latest trends existing in the market.
- AutoNation Inc.
- Penske Automotive Group
- Group 1 Automotive Inc.
- Lithia Motors Inc.
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