$190.6bn
$X.Xbn
171k
4,701
$XX.Xbn
Canadian new car dealers have endured volatile demand through the current period. Weak consumer confidence, disposable income and corporate profit during the pandemic led to sharp declines in 2020; lockdown restrictions also limited driving and travel activity, contributing to weak demand for new cars and repair services. However, rising incomes and rebounding confidence have supported the industry's recovery. Similarly, torrid demand for driving and travel has led to strong growth from consumer and commercial markets following the pandemic, even as interest rates threaten stability. Overall, revenue has climbed at an expected CAGR of 2.8% to $190.6 billion through the current period, including a 3.9% jump in 2024, where profit reached 2.0%.
Industry revenue has grown at a CAGR of 2.8 % over the past five years, to reach an estimated $190.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
AutoCanada Inc. | 1,976.3 | N/A | N/A | |
NewRoads Automotive Group | 304.0 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including New vehicles, Used vehicles and Parts and repair services. New vehicles is the largest segment of the New Car Dealers in Canada.
New vehicles have lost ground
The New Car Dealers industry in Canada sells new and used passenger vehicles. Vehicles include passenger cars, light-duty trucks, sport utility vehicles (SUVs) and passenger vans. New car dealers also sell parts and provide repair services.
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NAICS 441110 - New Car Dealers in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
New car dealers struggled during the pandemic. Severe economic uncertainty has threatened growth despite pent-up demand for driving facilitating the industry's recovery.
Learn about an industry's products and services, markets and trends in international trade.
New car dealers primarily sell new and used vehicles. Dealers use trade-ins and other offers to supplement revenue from new car sales.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Ontario is the most popular location for new car dealers. Regions with high populations and robust business activity generate greater demand and attract more car dealerships.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
New car dealers leverage car brand partnerships to attract customers. Dealerships often partner with automakers or join franchises to gain access to new markets, technologies...
Learn about the performance of the top companies in the industry.
No new car dealers have secured a dominant position in Canada. Most dealers are smaller, independent facilities, though franchising has increased.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
New car dealers receive limited government assistance. Companies can peripherally benefit from zero-emission vehicle spending or small business programs but most assistance c...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
New car dealers have faced severe supply chain disruptions through the current period. Dealers have faced higher inventory costs but were able to pass most costs onto buyers.
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the New Car Dealers industry in Canada is $190.6bn in 2024.
There are 4,701 businesses in the New Car Dealers industry in Canada, which has grown at a CAGR of 1.8 % between 2019 and 2024.
The market size of the New Car Dealers industry in Canada has been growing at a CAGR of 2.8 % between 2019 and 2024.
Over the next five years, the New Car Dealers industry in Canada is expected to grow.
The biggest companies operating in the New Car Dealers market in Canada are AutoCanada Inc. and NewRoads Automotive Group
Selling new cars and Selling new light trucks are part of the New Car Dealers industry.
The company holding the most market share in Canada is AutoCanada Inc..
The level of competition is high and increasing in the New Car Dealers industry in Canada.