Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.6 Billion | USD 7.4 Billion | 2.8% | 2024 |
FrequentlyAsked Questions
An auto dealership is a company that offers consumers either new or old autos. Usually, it serves as a franchise of a car manufacturer or as an independent merchant. Auto dealerships can also provide related services, including finance, leasing, maintenance, repairs, and trade-ins.
The auto dealership market is driven by several factors, such as rising vehicle demand, advancement in financing options, shift towards EVs, rising disposable income, and others.
According to the report, the global auto dealership market size was worth around USD 5.6 billion in 2024 and is predicted to grow to around USD 7.4 billion by 2034.
The global auto dealership market is expected to grow at a CAGR of 2.8% during the forecast period.
The global auto dealership market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to growing vehicle sales and the rising disposable income of the population.
The global auto dealership market is dominated by players like DARCARS, Group 1 Automotive, Sewell Automotive Companies, Berkshire Hathaway Automotive Group, AutoNation, Hendrick Automotive Group, Rusty Wallace Automotive Group, Jim Ellis Automotive Group, Lithia Motor, Fitzgerald Auto Mall, Penske, Sonic Automotive, Germain Motor Company, Asbury and AutoCanada among others.
The auto dealership report covers the geographical market and a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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