9 Car Franchises in The U.S.
- 1. Snap-On Tools Existing Locations: 4,600+ ...
- 2. Matco Tools Existing Locations: 1,700+ ...
- 3. Valvoline Instant Oil Change Existing Locations: 1,000+ ...
- 4. Jiffy Lube Inc Existing Locations: 2,000+ ...
- 5. Big O Tires Existing Locations: 450+ ...
- 6. Glass Doctor Existing Locations: 150+ ...
- 7. CARSTAR Existing Locations: 700+ ...
- 8. The Hertz Corporation Existing Locations: 3,000+ ...
| Year | Value |
|---|---|
| Feb 1, 2016 | 17,305 |
| Feb 1, 2017 | 17,423 |
| Feb 1, 2018 | 17,340 |
| Feb 1, 2019 | 17,057 |
How many car franchises are there in the US?
NADA Data 2021 Annual Report The nation's 16,676 franchised light-vehicle dealers sold 14.9 million light-duty vehicles. Total light-vehicle dealership sales topped $1.18 trillion.
How many independent car dealerships are there in the US?
National Independent Automobile Dealers Association Was founded in 1946 and serves as the representative body for over 20,000 used vehicle dealers in the United States.
Who is the largest new car dealer in the US?
Ranked by 2019 new-vehicle retail sales2019 total new retail vehicles'19 rankAutoNation Inc.*282,6021Penske Automotive Group Inc.*#222,8002Lithia Motors Inc.*180,5323Group 1 Automotive Inc.*#169,136410 more rows•Mar 30, 2020
Who owns the new cars in a dealership?
Car dealerships are franchises. That means they buy new cars from the manufacturer and sell them at a higher price to make a profit. Therefore, once the dealership buys those cars, they belong to them. They can't just send the unsold ones back to the manufacturer at the end of the year.
Who is the largest used car dealer in the USA?
CarMax Inc.Top 10 retailersRanked by 2020 used-retail vehicle sales2020 rankDealership group name2020 used retail unit sales1CarMax Inc.†‡832,6402Carvana†*244,1113AutoNation Inc.†241,18213 more rows•Apr 26, 2021
Which car company has the most dealerships in the US?
Ford, Chevrolet and Ram Trucks are the largest automobile dealers in the United States in 2022 based on the number of locations. Ford has the most number of locations with 2,984 locations across 50 states and territories. Chevrolet has 2,903 and Ram Trucks has 2,464 locations in the US.
What's the number one car dealership in the world?
Penske Motor Group's flagship dealership is Longo Toyota in El Monte, California, the largest car dealership in the world at over 50 acres (200,000 m2)....Penske Motor Group.TypePrivateProductsAutomobilesServicesFinancial services, Repair and Maintenance, Collision Repair, Retail parts & accessoriesParentPenske Corporation6 more rows
How many car dealerships does Mark Wahlberg own?
Wahlberg now owns four dealerships: Mark Wahlberg Chevrolet of Columbus, Mark Wahlberg Chevrolet of Worthington, Mark Wahlberg Buick GMC, and Mark Wahlberg Airstream & RV. The Detroit Free Press reported that the dealerships will likely make $304 million in 2021.
What state has the most car dealerships?
Texas (14,016 businesses), Florida (11,569 businesses) and California (8,778 businesses) are the States with the most number of Used Car Dealers businesses in the US.
What happens to unsold new cars in the US?
A final resort for the dealer with vehicles that don't sell at the dealership is to sell them at an auto auction. Most areas have auto auctions that are frequented by new- and used-car dealers.
How much profit does a car dealer make on a new car?
Front-end gross profit is usually described as the difference between dealer invoice and the selling price. That percentage tends to be somewhere around 20%. If a vehicle was sold with a $1,000 front-end profit, the salesperson would earn somewhere around $200.
Do dealers make money off financing?
Auto dealerships make a lot of money off financing. Mostly, they act as intermediaries to connect their customers with banks and credit unions, earning either a flat fee for each loan referral, a percentage of the loan amount, or a portion of the interest.
How many used car dealerships are there in the United States?
Used Car Dealers in the US - Number of Businesses 2003–2028YearValueFeb 1, 2016131,022Feb 1, 2017130,758Feb 1, 2018130,944Feb 1, 2019131,49512 more rows•Jul 29, 2022
How many Ford dealerships are in the US?
There are 2,979 Ford Motor Company dealerships in the United States as of October 18, 2022.
How many car dealerships are in Florida?
It is a HTTP cookie that expires after 2 years....Used Car Dealers in Florida - Number of Businesses 2005–2025.13,754Used Car Dealers in Florida Businesses in the US in 20222%Used Car Dealers in Florida in the US Business Growth in 20222.6%Used Car Dealers in Florida in the US Annualized Business Growth 2017–20221 more row•Dec 31, 2019
How many used car dealers are in Colorado?
492 Colorado Used Car Dealers.