New Car Dealers Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This industry comprises establishments primarily engaged in retailing new automobiles and light trucks, such as sport utility vehicles, and passenger and cargo vans, or retailing these new vehicles in combination with activities, such as repair services, retailing used cars, and selling replacement parts and accessories. Illustrative Examples: Automobile dealers, new only, or new and used Light utility truck dealers, new only, or new and used
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the New Car Dealers industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for New Car Dealers companies in the United States.
New Car Dealers Revenue by State
Distribution by Company Size
| Company Size | All Industries | New Car Dealers |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
New Car Dealers Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the New Car Dealers industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| Cars, trucks, motorcycles & other powered transportation vehicles |
| New vans & trucks -- retail |
| New passenger cars -- retail, including station wagons |
| Used passenger cars -- retail |
| All nonmerchandise receipts |
| Used vans, minivans, trucks, & buses -- retail |
| New passenger cars -- leased, including station wagons |
| Used passenger cars -- wholesale (for resale) |
| Automotive tires, tubes, batteries, parts, accessories |
Salary information for employees working in the New Car Dealers industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 5% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 2% |
| Sales and Related Occupations | 36% |
| Retail Sales Workers | 30% |
| Counter and Rental Clerks and Parts Salespersons | 7% |
| Retail Salespersons | 21% |
| Retail Salespersons | 21% |
| Office and Administrative Support Occupations | 15% |
| Installation, Maintenance, and Repair Occupations | 25% |
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 21% |
| Automotive Technicians and Repairers | 21% |
| Automotive Service Technicians and Mechanics | 18% |
| Transportation and Material Moving Occupations | 15% |
| Material Moving Workers | 8% |
| Laborers and Material Movers, Hand | 7% |
| Cleaners of Vehicles and Equipment | 7% |
Government Contracts
The federal government spent an annual total of
$10,062,713 on the new car dealers industry. It has awarded 200 contracts to 54 companies, with an average value of $186,347 per company.
Top Companies in New Car Dealers and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
