The auto dealership industry is a category of companies that includes businesses that sell and service automobiles, trucks, and other vehicles. These dealerships are typically franchised by automakers and offer a wide range of products and services, including the sale of new and used vehicles, financing and leasing options, and vehicle maintenance and repair services. The performance of the auto dealership industry can be influenced by a variety of factors, including consumer demand for vehicles, changes in vehicle prices, and shifts in economic conditions.
Well-known companies in the auto dealership industry include AutoNation, which is the largest auto dealership chain in the United States. These companies offer a wide range of products and services, including the sale of new and used vehicles, financing and leasing options, and vehicle maintenance and repair services. The specific products and services offered by each company can vary, depending on the company’s focus and target market. For example, AutoNation operates a network of more than 300 dealerships that sell a variety of vehicle brands, while Penske Automotive Group focuses on premium and luxury vehicle brands.
Industry’s Top Companies:
- Asbury Automotive
- AutoNation
- Cars.com
- America’s Car-Mart
- Rush Enterprises
- Group 1 Automotive
- CarMax
- Penske Automotive
- Driven Brands Holdings
- Lithia Motors
- Sonic Automotive
