Motor vehicle and motor vehicle parts and supplies merchant wholesalers (NAICS 423120) industry trends
The motor vehicle and motor vehicle parts and supplies merchant wholesalers industry includes automobile and other motor vehicle merchant wholesalers, motor vehicle supplies and new parts merchant wholesalers, tire and tube merchant wholesalers and used motor vehicle parts merchant wholesalers. Automobile and other motor vehicle merchant wholesalers sell new and used passenger automobiles, trucks, trailers, motorcycles and other motor vehicles. Motor vehicle supplies and new parts merchant wholesalers sell motor vehicle supplies, accessories, tools and equipment. Tire and tube merchant wholesalers sell new and/or used tires and tubes for personal and commercial vehicles. Used motor vehicle parts merchant wholesalers sell used motor vehicle parts and break apart motor vehicles in order to sell the parts.
The Census Bureau’s most recent data indicates that there are approximately 26,905 firms within this industry. The majority of firms within this industry are motor vehicle supplies and new parts merchant wholesalers.
According to Sageworks’ industry data, the industry’s net profit margin during the last 12 months was 2.58 percent. During this time, the average gross profit margin was 27.86 percent.
The graph below shows business statistics for the average company in the motor vehicle and motor vehicle parts and supplies merchant wholesalers industry.
