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2024 U.S. Industry Statistics & Market Forecast - Automobile and Other Motor Vehicle Merchant Wholesalers


Market Size & Industry Statistics

The total U.S. industry market size for Automobile and Other Motor Vehicle Merchant Wholesalers: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Automobile & Other Automobile Merchant Wholesalers industry is currently undergoing significant changes and experiencing key trends that are affecting the sector. Technological advancements and the shift towards cleaner energy sources are some of the trends that are shaping the future of the industry.

One of the major trends affecting the industry is the increasing adoption of electric and hybrid vehicles. With the growing focus on reducing carbon emissions and promoting sustainability, there is a growing demand for cleaner and more energy-efficient vehicles. This shift is forcing manufacturers to invest in the development of electric and hybrid vehicles, presenting opportunities for wholesalers to specialize in these new products.

Another significant trend is the increasing use of advanced driver assistance systems (ADAS) and autonomous technology. The emergence of self-driving vehicles presents an opportunity for wholesalers to supply and distribute the enabling technologies required for these systems to function effectively.

The introduction of new business models such as ride-hailing services is also impacting the industry, creating opportunities for wholesalers to adapt their product offerings to suit these models.

The growth of e-commerce is also reshaping the automobile wholesaling business, with customers increasingly moving towards online buying. Wholesalers that adopt and integrate e-commerce into their operations are better positioned to meet the evolving needs of their customers.

Finally, the industry is also affected by changing consumer preferences and behaviors, such as the movement towards smaller and more fuel-efficient vehicles, and the increasing popularity of SUVs and crossovers. Wholesalers must stay abreast of these changes to remain relevant and competitive in this dynamic industry.



Product & Services Breakdown

Research products and services in the Automobile and Other Motor Vehicle Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

New And Used Automobiles, Crossovers, Motorcycles, And Trailers

New Automobiles, Including Crossovers

Used Automobiles, Including Crossovers

Motorcycles

Utility Trailers

All-Terrain Vehicles (Atvs), Snowmobiles, Motor Scooters, Mopeds, And Other Motorized Recreational-Use Vehicles

Buses, Campers, And Motor Homes

Buses

Motor Homes, Travel Trailers, And Campers

Light Trucks And Truck Bodies, 14, 000 Lb. Or Less, Including Vans, Cargo Vans, And Suvs

New Light Trucks And Suvs

Used Light Trucks And Suvs

New And Used Vans And Cargo Vans

New Light Truck, Van, And Suv Bodies

Medium Trucks, Truck Bodies, And Tractors, 14, 001 Lb. To 33, 000 Lb.

New Medium Trucks And Tractors

Used Medium Trucks And Tractors

New Medium Truck Bodies

Heavy Trucks, Truck Bodies, Trailers, And Road Tractors, More Than 33, 000 Lb.

New Heavy Trucks

New Heavy Truck Tractors

New Truck Trailers

New Heavy Truck Bodies

Used Heavy Trucks, Tractors, And Trailers

New And Rebuilt Automotive And Trailer Parts And Supplies

Automotive Batteries

Complete Engines

Electrical Engine Parts, Including Ignition Parts

Brake Parts, Including Fluid And All Disk And Drum Parts

Exhaust System Parts

Automotive Glass

Hoses, Belts, Gaskets, And Wiper Blades

Filters, Including Oil, Air, Gas, And Transmission

Engine Parts, Excluding Electrical Parts

Body Parts And Repair Materials

Suspension Parts, Including Shocks, Struts, And Ball Joints

Other Automotive Parts And Supplies

Automotive Accessories, Excluding Car Stereos And CD Players

Tires And Tubes

New Automobile Tires And Tubes

General-Purpose Industrial Machinery, Equipment, And Parts

Service Receipts And Labor Charges, Including Installed Parts

Labor Charges For Repair Work

Parts Installed In Repair Work

Other Service Receipts And Labor Charges

Receipts For Service Contracts

Miscellaneous Commodities

Rental And Operating Lease Receipts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Automobile and Other Motor Vehicle Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Automobile and Other Motor Vehicle Merchant Wholesalers industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Automobile and Other Motor Vehicle Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 7%

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Chief Executives0%
General and Operations Managers4%
Sales and Related Occupations 21%
Retail Sales Workers 9%
Counter and Rental Clerks and Parts Salespersons 7%
Parts Salespersons 6%
Sales Representatives, Wholesale and Manufacturing 9%
Sales Representatives, Wholesale and Manufacturing 9%
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 9%
Office and Administrative Support Occupations 15%
Installation, Maintenance, and Repair Occupations 16%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 13%
Bus and Truck Mechanics and Diesel Engine Specialists 7%
Bus and Truck Mechanics and Diesel Engine Specialists 7%
Transportation and Material Moving Occupations 29%
Motor Vehicle Operators 13%
Driver/Sales Workers and Truck Drivers 12%
Light Truck Drivers 8%
Material Moving Workers 14%
Laborers and Material Movers 13%
Laborers and Freight, Stock, and Material Movers, Hand 6%
Stockers and Order Fillers 6%
Source: Bureau of Labor Statistics


Automobile and Other Motor Vehicle Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Automobile and Other Motor Vehicle Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Automobile and Other Motor Vehicle Merchant Wholesalers industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Automobile and Other Motor Vehicle Merchant Wholesalers industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Automobile and Other Motor Vehicle Merchant Wholesalers

  • Feb 27, 2024: WINDSOR TRADING FZE (Ras Al Khaimah, ) awarded $76,618
  • Feb 23, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $13,646
  • Feb 23, 2024: TOYOTA GIBRALTAR STOCKHOLDINGS LTD (Gibraltar, ) awarded $65,061
  • Feb 01, 2024: REDORANGE LLC (Fort Washington, PA) awarded $51,996
  • Feb 01, 2024: AUTOMOBILE BAVARIA SRL (Bucuresti, ) awarded $63,829
  • Jan 30, 2024: GOLDBELT SECURITY LLC (Chesapeake, VA) awarded $338,652