10 Biggest Industries In the US

3. New car dealers

Total revenue in the latest financial year (in billions): $1,048.1

It seems incredible to see the new car dealer industry so high in our list, but the automobile market is in high demand right now, with new models often not being available for months and dealers actually offering extra money to get back cars on lease. However, higher interest rates in 2022 and 2023 are expected to impact consumer spending and could have a negative impact on the industry.

Car Dealer, Car

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