NAICS Code 423110-07 - Buses-New & Used (Wholesale)

Marketing Level - NAICS 8-Digit

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74

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NAICS Code 423110-07 Description (8-Digit)

The Buses-New & Used (Wholesale) industry involves the wholesale distribution of new and used buses to various buyers such as government agencies, schools, and private companies. These buses can range from small shuttle buses to large motor coaches. The industry also includes the wholesale distribution of parts and accessories for buses.

Hierarchy Navigation for NAICS Code 423110-07

Tools

Tools commonly used in the Buses-New & Used (Wholesale) industry for day-to-day tasks and operations.

  • Bus lifts
  • Diagnostic tools for engines and transmissions
  • Brake service tools
  • Tire changing equipment
  • Welding equipment
  • Paint sprayers
  • Air compressors
  • Battery chargers
  • Hydraulic jacks
  • Torque wrenches

Industry Examples of Buses-New & Used (Wholesale)

Common products and services typical of NAICS Code 423110-07, illustrating the main business activities and contributions to the market.

  • School buses
  • Transit buses
  • Motor coaches
  • Shuttle buses
  • Tour buses
  • Double-decker buses
  • Electric buses
  • Hybrid buses
  • Mini buses
  • Luxury buses

Certifications, Compliance and Licenses for NAICS Code 423110-07 - Buses-New & Used (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • National Highway Traffic Safety Administration (NHTSA) Certification: This certification is required for all new buses sold in the US. It ensures that the bus meets the safety standards set by the NHTSA. The certification is issued by the NHTSA.
  • Federal Motor Vehicle Safety Standards (FMVSS) Compliance: This compliance is required for all new buses sold in the US. It ensures that the bus meets the safety standards set by the FMVSS. The compliance is issued by the FMVSS.
  • Commercial Driver's License (CDL): This license is required for drivers of commercial vehicles, including buses. It ensures that the driver has the necessary skills and knowledge to operate a commercial vehicle. The license is issued by the state's Department of Motor Vehicles.
  • Environmental Protection Agency (EPA) Emissions Certification: This certification is required for all new buses sold in the US. It ensures that the bus meets the emissions standards set by the EPA. The certification is issued by the EPA.
  • Occupational Safety and Health Administration (OSHA) Compliance: This compliance is required for all businesses in the US, including those in the bus industry. It ensures that the workplace is safe and healthy for employees. The compliance is issued by OSHA.

History

A concise historical narrative of NAICS Code 423110-07 covering global milestones and recent developments within the United States.

  • The history of the Buses-New & Used (Wholesale) industry dates back to the early 20th century when the first motorized buses were introduced in Europe and the United States. The first motorized buses were used for public transportation, and they quickly replaced horse-drawn carriages. In the 1920s, the first school buses were introduced in the United States, and they became a common sight on American roads. In the 1950s, the first luxury buses were introduced, and they were used for long-distance travel. In recent years, the industry has seen significant advancements in technology, including the development of hybrid and electric buses, which are more environmentally friendly and cost-effective. In the United States, the Buses-New & Used (Wholesale) industry has a long history of providing transportation solutions for schools, businesses, and government agencies. In the 1960s and 1970s, the industry experienced significant growth due to the expansion of the interstate highway system and the increased demand for long-distance travel. In the 1980s and 1990s, the industry faced challenges due to increased competition from airlines and the deregulation of the transportation industry. However, the industry has adapted to these changes by focusing on providing specialized transportation services, such as charter buses and shuttle services. In recent years, the industry has seen growth due to increased demand for eco-friendly transportation solutions and the development of new technologies.

Future Outlook for Buses-New & Used (Wholesale)

The anticipated future trajectory of the NAICS 423110-07 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the industry "Buses-New & Used (Wholesale)" in the USA is positive. The demand for buses is expected to increase due to the growing need for public transportation, school buses, and intercity buses. The rise in tourism and the need for shuttle buses for airports and hotels will also contribute to the growth of the industry. The increasing focus on eco-friendly transportation and the government's initiatives to reduce carbon emissions will drive the demand for electric and hybrid buses. The industry is also expected to benefit from the growth of e-commerce, which will increase the demand for delivery trucks and vans. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 423110-07

Recent groundbreaking advancements and milestones in the Buses-New & Used (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Electric Buses: The industry has seen a rise in the production and sale of electric buses, which are eco-friendly and cost-effective in the long run.
  • Autonomous Buses: The development of autonomous buses is an ongoing innovation in the industry, which has the potential to revolutionize public transportation.
  • Mobile Apps for Bus Tracking: The use of mobile apps for tracking buses and providing real-time information to passengers has become a common practice in the industry.
  • Bus Rapid Transit Systems: The implementation of bus rapid transit systems in cities has improved the efficiency and speed of public transportation.
  • Hybrid Buses: The use of hybrid buses, which run on both electricity and diesel, has become popular in the industry due to their fuel efficiency and reduced emissions.

NAICS Code 423110-07 - Buses-New & Used (Wholesale)

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