NAICS Code 441120-03 - Motor Vehicle Dealers-Used (Retail)

Marketing Level - NAICS 8-Digit

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NAICS CODE 441120-03
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NAICS Code 441120-03 Description (8-Digit)

Motor Vehicle Dealers-Used (Retail) is an industry that involves the retail sale of used cars, trucks, and other motor vehicles to consumers. These dealerships acquire used vehicles through trade-ins, auctions, and direct purchases from individuals or other dealerships. The dealerships then inspect, clean, and repair the vehicles as necessary before offering them for sale to the public. Motor Vehicle Dealers-Used (Retail) may also offer financing options to customers to facilitate the purchase of a vehicle.

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 441120 page

Tools

Tools commonly used in the Motor Vehicle Dealers-Used (Retail) industry for day-to-day tasks and operations.

  • Diagnostic tools
  • Tire pressure gauges
  • Battery testers
  • Brake bleeders
  • Engine hoists
  • Transmission jacks
  • Paint sprayers
  • Welding equipment
  • Air compressors
  • Hand tools (e.g. wrenches, sockets, pliers)

Industry Examples of Motor Vehicle Dealers-Used (Retail)

Common products and services typical of NAICS Code 441120-03, illustrating the main business activities and contributions to the market.

  • Used car dealerships
  • Pre-owned vehicle dealerships
  • Certified pre-owned dealerships
  • Car superstores
  • Car supermarkets
  • Used truck dealerships
  • Used SUV dealerships
  • Used luxury car dealerships
  • Used sports car dealerships
  • Used electric car dealerships

History

A concise historical narrative of NAICS Code 441120-03 covering global milestones and recent developments within the United States.

  • The Motor Vehicle Dealers-Used (Retail) industry has a long history dating back to the early 1900s when the first used car dealership was established in the United States. The industry has since grown and evolved, with notable advancements such as the introduction of certified pre-owned programs in the 1990s, which provided consumers with more reliable and higher-quality used vehicles. In recent years, the industry has also seen the rise of online marketplaces for used cars, such as Carvana and Vroom, which have disrupted traditional dealership models and provided consumers with more convenient and streamlined purchasing options. In the United States, the Motor Vehicle Dealers-Used (Retail) industry has experienced significant growth in recent years, with revenue increasing from $77.4 billion in 2015 to $89.4 billion in 2020. This growth can be attributed to several factors, including the increasing popularity of certified pre-owned programs, the rise of online marketplaces, and the growing demand for affordable and reliable transportation options. Despite challenges such as the COVID-19 pandemic and supply chain disruptions, the industry is expected to continue growing in the coming years, driven by factors such as the increasing availability of high-quality used vehicles and the growing demand for electric and hybrid vehicles.