Top Dealership Groups, used-cars: Public groups dominate

Public Dealership Groups Leading the Used Car Market When it comes to the used car market, the biggest players are public dealership groups. These groups are able to offer a wide selection of used cars, as well as financing options and extended warranties. Let’s take a closer look at some of the top public dealership groups in the used car market.

AutoNation Inc. AutoNation Inc. is the largest dealership group in the United States, with over 300 locations across the country. The company sells both new and used cars, and its used car sales accounted for over 41% of its total revenue in 2020. AutoNation also offers financing options and extended warranties, making it a one-stop-shop for customers.

Penske Automotive Group Penske Automotive Group is another major player in the used car market, with over 150 locations in the US and Europe. The company’s used car sales accounted for over 26% of its total revenue in 2020. Penske Automotive Group also offers financing options, extended warranties, and a variety of other services, including collision repair and maintenance.

Sonic Automotive Inc. Sonic Automotive Inc. operates over 100 dealerships across the US, selling both new and used cars. The company’s used car sales accounted for over 36% of its total revenue in 2020. Sonic Automotive Inc. offers financing options, extended warranties, and a variety of other services, including maintenance and repairs.

These public dealership groups have established themselves as major players in the used car market, offering customers a wide selection of cars, financing options, and extended warranties. With their extensive networks and resources, these companies are well-positioned to continue dominating the market for years to come.

The used car market has become increasingly important in recent years, as more and more consumers opt for pre-owned vehicles instead of buying new. This has created opportunities for public dealership groups to establish themselves as major players in the market, offering customers a variety of services to meet their needs.

One of the advantages of buying from a public dealership group is the selection of cars available. These companies have extensive networks and resources, allowing them to offer a wide variety of makes and models to customers. This is especially important in the used car market, where customers are often looking for specific makes and models that may be harder to find elsewhere.

Another advantage of buying from a public dealership group is the financing options available. These companies often have relationships with multiple lenders, giving customers access to a variety of financing options. This can be especially helpful for customers with less-than-perfect credit, who may struggle to secure financing on their own.

In addition to financing options, public dealership groups often offer extended warranties and other services to help customers feel confident in their purchase. This can include maintenance and repair services, as well as collision repair and other services to keep their vehicle running smoothly.

Overall, public dealership groups have established themselves as dominant players in the used car market, offering customers a wide selection of cars, financing options, and other services to meet their needs. As the market continues to grow, these companies are well-positioned to continue dominating the market for years to come.