NAICS Code 425120-01 - Automobile & Truck Brokers (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS CODE 425120-01
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Looking for more companies? See NAICS 425120 - Wholesale Trade Agents and Brokers - 6,545 companies, 86,592 emails.

NAICS Code 425120-01 Description (8-Digit)

Automobile & Truck Brokers (Wholesale) are businesses that act as intermediaries between automobile and truck manufacturers and dealerships. They purchase vehicles in bulk from manufacturers and sell them to dealerships at a profit. These brokers are responsible for negotiating prices, arranging for transportation, and ensuring that all necessary paperwork is completed. They may also provide financing options to dealerships.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 425120 page

Tools

Tools commonly used in the Automobile & Truck Brokers (Wholesale) industry for day-to-day tasks and operations.

  • Vehicle valuation software
  • Inventory management software
  • Customer relationship management (CRM) software
  • Transportation logistics software
  • Accounting software
  • Sales and marketing tools
  • Vehicle history report services
  • Payment processing tools
  • Contract management software
  • Online auction platforms

Industry Examples of Automobile & Truck Brokers (Wholesale)

Common products and services typical of NAICS Code 425120-01, illustrating the main business activities and contributions to the market.

  • Automobile dealerships
  • Truck dealerships
  • Fleet management companies
  • Rental car companies
  • Government agencies
  • Auction houses
  • Leasing companies
  • Car rental franchises
  • Commercial vehicle dealerships
  • Used car dealerships

History

A concise historical narrative of NAICS Code 425120-01 covering global milestones and recent developments within the United States.

  • The history of the Automobile & Truck Brokers (Wholesale) industry dates back to the early 20th century when the automobile industry was booming. The industry emerged as a result of the need for a middleman to connect automobile manufacturers with dealerships. The first automobile brokers were independent agents who worked on a commission basis. They would purchase vehicles from manufacturers and sell them to dealerships. In the 1920s, the industry saw significant growth as more automobile manufacturers emerged, and the demand for automobiles increased. In recent history, the industry has seen a shift towards online platforms, making it easier for brokers to connect with dealerships and manufacturers. The rise of e-commerce has also led to the emergence of new players in the industry, such as online marketplaces that connect buyers and sellers of automobiles and trucks.