NAICS Code 425120-02 - Automobile-Buyers (Wholesale)
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NAICS Code 425120-02 Description (8-Digit)
Hierarchy Navigation for NAICS Code 425120-02
Parent Code (less specific)
Tools
Tools commonly used in the Automobile-Buyers (Wholesale) industry for day-to-day tasks and operations.
- Auction software
- Vehicle history report services
- Dealer management systems
- Customer relationship management software
- Inventory management software
- Vehicle appraisal tools
- Transportation logistics software
- Payment processing software
- Sales tracking software
- Market analysis tools
Industry Examples of Automobile-Buyers (Wholesale)
Common products and services typical of NAICS Code 425120-02, illustrating the main business activities and contributions to the market.
- Car rental companies
- Taxi companies
- Limousine services
- Shuttle services
- Delivery services
- Emergency vehicle services
- Government agencies
- Corporate fleet management
- Car sharing services
- Ride-hailing services
Certifications, Compliance and Licenses for NAICS Code 425120-02 - Automobile-Buyers (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- National Independent Automobile Dealers Association (NIADA) Certification: NIADA certification is a program that provides training and certification for automobile dealers. It covers topics such as federal regulations, ethical practices, and consumer protection laws. The certification is provided by the National Independent Automobile Dealers Association.
- National Association Of Automobile Dealers (NADA) Certification: NADA certification is a program that provides training and certification for automobile dealers. It covers topics such as dealership operations, sales, and service. The certification is provided by the National Association of Automobile Dealers.
- Automotive Service Excellence (ASE) Certification: ASE certification is a program that provides training and certification for automotive service professionals. It covers topics such as engine repair, brakes, and electrical systems. The certification is provided by the National Institute for Automotive Service Excellence.
- Environmental Protection Agency (EPA) Certification: EPA certification is required for businesses that work with refrigerants, such as those used in air conditioning systems. The certification covers topics such as safe handling and disposal of refrigerants. The certification is provided by the Environmental Protection Agency.
- Occupational Safety and Health Administration (OSHA) Certification: OSHA certification is a program that provides training and certification for workplace safety. It covers topics such as hazard communication, personal protective equipment, and emergency action plans. The certification is provided by the Occupational Safety and Health Administration.
History
A concise historical narrative of NAICS Code 425120-02 covering global milestones and recent developments within the United States.
- The wholesale automobile industry has been around since the early 1900s when the first automobile was invented. The industry has gone through many changes since then, including the introduction of new technologies and the rise of globalization. In the United States, the industry has seen significant growth since the 1950s, with the introduction of new models and the expansion of the market. In recent years, the industry has faced challenges due to the COVID-19 pandemic, but it is expected to recover in the coming years.
Future Outlook for Automobile-Buyers (Wholesale)
The anticipated future trajectory of the NAICS 425120-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Automobile-Buyers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for automobiles in the country. The rise in disposable income and the availability of financing options have made it easier for consumers to purchase cars, which in turn has increased the demand for wholesale automobile buyers. Additionally, the increasing popularity of electric and hybrid vehicles is expected to create new opportunities for the industry. The industry is also expected to benefit from the growth of e-commerce, which has made it easier for wholesalers to reach a wider customer base. However, the industry may face challenges from the increasing competition and the changing consumer preferences.
Industry Innovations for NAICS Code 425120-02
Recent groundbreaking advancements and milestones in the Automobile-Buyers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Online Platforms: The industry has seen the emergence of online platforms that connect wholesale automobile buyers with sellers. These platforms have made it easier for buyers to find the best deals and for sellers to reach a wider customer base.
- Electric and Hybrid Vehicles: The increasing popularity of electric and hybrid vehicles has created new opportunities for the industry. Wholesale automobile buyers are now focusing on these vehicles to meet the changing consumer preferences.
- Advanced Technology: The industry is adopting advanced technology to improve the efficiency of the buying and selling process. This includes the use of artificial intelligence, machine learning, and big data analytics.
- Sustainable Practices: The industry is adopting sustainable practices to reduce its environmental impact. This includes the use of eco-friendly materials and the adoption of green technologies.
- Customer Service: The industry is focusing on providing better customer service to attract and retain customers. This includes offering personalized services and after-sales support.
NAICS Code 425120-02 - Automobile-Buyers (Wholesale)
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