Automobile dealers (NAICS 441110) industry trends
The automobile dealers industry comprises new car dealers and used car dealers that purchase and sell automobiles and light trucks such as sport utility vehicles, passenger vans and cargo vans. New car dealers retail new and used vehicles, provide repair services and sell replacement parts and accessories. Examples of new car dealers include automobile dealers and light utility truck dealers. Used car dealers retail used vehicles. Examples of used car dealers include antique auto dealers and used only automobile dealers.
The Census Bureau’s most recent data indicates that there are approximately 51,181 firms within this industry. The majority of firms within this industry are used car dealers.
According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 3.18 percent. During this same time, the average gross profit margin was 15.28 percent.
The graph below shows business statistics for the average company in the automobile dealers industry.