New Car Wholesale

Companies in the Automobile Wholesaling industry in the US sell new and used automobiles, light trucks, SUVs, heavy trucks, motorcycles, trailers, buses and motor homes, but motor vehicle parts or tire sellers are not included in this industry. Over the five years to 2022, industry performance is expected to be volatile and mixed. New car sales, a strong indicator for wholesaling performance in the consumer market, was weak and business sentiment was strong for some years, supporting demand for wholesalers that service transportation, construction and businesses utilizing larger vehicles. However, the COVID-19 (coronavirus) pandemic in 2020 spurred supply side shocks that curtailed industry demand and purchases, dampening industry revenue. Despite an expected increase in revenue of 4.4% in 2022, industry revenue is expected to fall at an annualized rate of 2.8% to $635.2 billion over the five years to 2022. Similarly, industry profit, measured as earnings before interest and taxes, is