New Hampshire is the #2 state with the most used car dealerships per capita

The auto business’s COVID-19 pandemic woes—chief amongst them provide chain delays that shut down factories and left showrooms trying stripped—have been a boon to used automobile dealerships. Low stock meant an increase within the value of vehicles, each new and used. In the meantime, would-be prospects with a automobile to commerce in have been getting high greenback.

CoPilot analyzed knowledge from the U.S. Bureau of Labor Statistics to see what number of automobile sellers per capita there have been in 2021, and the way the variety of institutions and variety of folks employed modified since 2020.

At first of the pandemic, folks largely prevented mass transit—a lot that ridership decreased by 79% between September 2019 and September 2020. Many individuals have been afraid of COVID-19 transmission on public transportation, and plenty of public transit choices ran on restricted schedules, leaving them with scant choices apart from driving.

Because the pandemic intensified, automakers and chip patrons reduce off purchases amid anxieties round a world recession. A scarcity of semiconductors for brand new vehicles got here subsequent as demand for cars rose, sending gross sales of used vehicles hovering throughout the nation. Some consultants predict comparable provide chain issues to proceed in 2022.

Learn how many used vehicles sellers are in your house state, or learn the nationwide story right here.

New Hampshire by the numbers

– Used automobile sellers per 100k residents: 13.5 (0% change since final yr)

– Statewide used automobile sellers: 186

– Presently employed at used automobile sellers: 911 (8.6% enhance since final yr)

Amid the peak of the pandemic, the worth of used vehicles rose quicker than these of latest vehicles. The typical price of all new automobiles, amongst them vehicles and SUVs, was greater than $47,000 on the finish of 2021, representing a rise of greater than 25% in two years. Examine that to the common price of used vehicles, whose costs have been as much as $28,000 or a greater than 42% spike in 2021.

Nationwide, there are 26,528 used automobile sellers. That works out to about eight used automobile sellers per 10,000 residents, a rise of a little bit greater than 2% since 2020. Used automobile sellers employed 173,860 folks, a ten.6% enhance over 2020.

Preserve studying to see which states have probably the most and least used automobile sellers.

States with probably the most used automobile dealerships

#1. Maine: 14.9 used automobile sellers per 100k residents (1.9% lower since final yr)

#2. New Hampshire: 13.5 used automobile sellers per 100k residents (0% lower since final yr)

#3. Arkansas: 12.95 used automobile sellers per 100k residents (1% lower since final yr)

States with the fewest used automobile dealerships

#1. California: 3.69 used automobile sellers per 100k residents (5.6% enhance since final yr)

#2. Maryland: 3.98 used automobile sellers per 100k residents (2.4% lower since final yr)

#3. Hawaii: 4.33 used automobile sellers per 100k residents (5% enhance since final yr)