Retail sale of motor vehicles

NACE code 47.81 covers the retail sale of motor vehicles, which is a crucial component of the broader automotive industry. This industry plays a vital role in the economy, facilitating the distribution and sale of personal and commercial vehicles to consumers and businesses. The retail sale of motor vehicles is a significant contributor to economic activity, providing employment opportunities and supporting various related industries, such as vehicle manufacturing, financing, and aftermarket services.

The retail sale of motor vehicles involves a range of techniques and processes. Dealerships typically acquire vehicles from manufacturers or wholesalers, then display and market them to potential customers. Sales staff engage with buyers, providing information, negotiating prices, and facilitating the purchase process. Financing options, such as loans and leases, are often offered to customers to facilitate the acquisition of vehicles. Aftermarket services, including maintenance and repair, may also be provided by some dealerships.

The key inputs for the retail sale of motor vehicles industry include a diverse range of motor vehicles, such as passenger cars, light commercial vehicles, and motorcycles. Dealerships require showroom and storage facilities, as well as sales and administrative staff to manage the sales process. Additionally, access to financing options, either through in-house or third-party providers, is an essential input for this industry.

The primary output of the retail sale of motor vehicles industry is the sale of vehicles to individual consumers and businesses. These vehicles are then used for personal transportation or commercial purposes, supporting various other NACE codes, such as 49.10 Passenger rail transport, interurban, 49.32 Taxi operation, and 49.41 Freight transport by road.