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Used Car Parts Wholesaling in the US - Market Research Report (2014-2029)

Evan Jozkowski Evan Jozkowski New York, United States Last Updated: May 2024 NAICS 42314

Revenue

$9.3bn

2024

$9.3bn

Past 5-Year Growth

Profit

$XXX.Xm

Employees

24,484

Businesses

2,684

Wages

$X.Xbn

Used Car Parts Wholesaling in the US industry analysis

Used car part wholesalers are largely regional, independent dealers that wholesale used and rebuilt motor vehicle parts. Only one company has managed to garner significant market share and develop a national reputation, highlighting the industry's high fragmentation. The pandemic temporarily halted growth in 2020; plummeting spending and lackluster driving activity unilaterally diminished demand for repairs, cutting demand for used parts. However, easing lockdown restrictions contributed to pent-up demand for driving, stimulating demand through the rest of the current period. Economic uncertainty following the pandemic and rampant inflation have also encouraged more used car part purchases. Overall, revenue soared at an expected CAGR of 3.4% to $9.2 billion through the current period, including a 2.6% jump in 2024, where profit reached 4..8%. 

Trends and Insights

  • The pandemic and related supply chain disruptions threw the industry into disarray. Pent-up demand for driving stimulated demand for used parts following the pandemic.
  • Demand for specialized motor vehicle parts has expanded as classic cars grow more popular. Even so, generic parts and services remain the industry's primary revenue generator.
  • Most used car part wholesalers are in the Southeast. The region's massive population and lack of public transportation lead to robust demand and strong driving activity.
  • Wholesalers heavily compete on price. Used car parts customers are highly price sensitive given that their primary appeal is low price relative to new parts.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 3.4 % over the past five years, to reach an estimated $9.3bn in 2024.

Trends and Insights

Volatile commodity prices have influenced the industry

  • The automotive supply chain faced unprecedented supply chain disruptions following the pandemic and the Russian invasion of Ukraine. Massive production shortfalls and soaring crude oil prices contributed to elevated ferrous and nonferrous metal prices.
  • Additional trends and insights available with purchase
Used Car Parts Wholesaling in the US
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Wholesale bypass and external competition will remain major threats

  • Wholesalers will need to combat pervasive wholesale bypass trends through the outlook period. Many bulk buyers may have supply contracts with remanufacturers, junkyards and other potential suppliers.

Biggest companies in the Used Car Parts Wholesaling in the US

Company
Market Share (%)
2024
Revenue ($m)
2024
Profit ($m)
2024
Profit Margin (%)
2024
Lkq Corporation
1,380.8
220.5
16.0

To view the market share and analysis for all 1 top companies in this industry, view purchase options.

Products & Services Segmentation

Used Car Parts Wholesaling in the US
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including General auto recycling, Other and Specialized motor vehicle dismantling and parts sales. General auto recycling is the largest segment of the Used Car Parts Wholesaling in the US.

Trends and Insights

Wholesalers focus on general auto parts

  • Wholesalers supply products to the automotive aftermarket directly and through used car parts dealers. Most wholesalers offer a wide array of general parts, like engines, brakes, interiors, metal products and other automobile products.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Companies in this industry wholesale used motor vehicle parts. Used car parts wholesalers also dismantle vehicles for the purpose of selling used auto parts to individuals, car mechanics and others.

What's included in this industry?

Wholesaling general auto partsWholesaling specialized auto partsWholesaling metal scraps and other partsRepair and vehicle scrapping services

Companies

Lkq Corporation

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Related Terms

REMANUFACTURED PARTREBUILT PARTAFTERMARKETAUTO RECYCLERSORIGINAL EQUIPMENT MANUFACTURERS (OEM)DO-IT-YOURSELF CONSUMERS

Industry Code

NAICS 2017

NAICS 42314 - Used Car Parts Wholesaling in the US

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The pandemic and related supply chain disruptions threw the industry into disarray. Pent-up demand for driving stimulated demand for used parts following the pandemic.

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Demand for specialized motor vehicle parts has expanded as classic cars grow more popular. Even so, generic parts and services remain the industry's primary revenue generator...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Most used car part wholesalers are in the Southeast. The region's massive population and lack of public transportation lead to robust demand and strong driving activity.

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each state in 2024
  • Number and share of revenue each state accounts for in 2024
  • Number and share of wages each state accounts for in 2024
  • Number and share of employees in each state in 2024

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Wholesalers heavily compete on price. Used car parts customers are highly price sensitive given that their primary appeal is low price relative to new parts.

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

LKQ is the only sizable wholesaler in the industry. The company alone accounts for nearly one-quarter of all revenue in the domestic market.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Lkq Corporation's performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for Lkq Corporation, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Used car parts wholesalers are subject to environmental and safety regulations. Companies must ensure parts meet various standards before resale.

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Purchases are the industry's largest expense. Companies rely on diverse inventories to generate buyer demand; healthy inventory turnover precipitates strong profit growth.

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2017-2022)
  • Industry Tax Structure (2017-2022)
  • Income Statement (2017-2022)
  • Balance Sheet (2017-2022)
  • Liquidity Ratios (2017-2022)
  • Coverage Ratios (2017-2022)
  • Leverage Ratios  (2017-2022)
  • Operating Ratios (2017-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Used Car Parts Wholesaling in the US industry in United States in 2024?

The market size of the Used Car Parts Wholesaling in the US industry in United States is $9.3bn in 2024.

How many businesses are there in the Used Car Parts Wholesaling in the US industry in 2024?

There are 2,684 businesses in the Used Car Parts Wholesaling in the US industry in United States, which has grown at a CAGR of 0.5 % between 2019 and 2024.

Has the Used Car Parts Wholesaling in the US industry in United States grown or declined over the past 5 years?

The market size of the Used Car Parts Wholesaling in the US industry in United States has been growing at a CAGR of 3.4 % between 2019 and 2024.

What is the forecast growth of the Used Car Parts Wholesaling in the US industry in United States over the next 5 years?

Over the next five years, the Used Car Parts Wholesaling in the US industry in United States is expected to grow.

What are the biggest companies in the Used Car Parts Wholesaling in the US market in United States?

The biggest company operating in the Used Car Parts Wholesaling market in United States is Lkq Corporation

What does the Used Car Parts Wholesaling in the US in United States include?

Wholesaling general auto parts and Wholesaling specialized auto parts are part of the Used Car Parts Wholesaling in the US industry.

Which companies have the highest market share in the Used Car Parts Wholesaling in the US in United States?

The company holding the most market share in United States is Lkq Corporation.

How competitive is the Used Car Parts Wholesaling in the US industry in United States?

The level of competition is high and increasing in the Used Car Parts Wholesaling in the US industry in United States.

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Methodology

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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the US include: 

  • US Census Bureau
  • US Bureau of Labor Statistics
  • US International Trade Commission

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

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