441120 - Used Car Dealers
When it comes to buying a vehicle, many consumers turn to used car dealers for quality pre-owned vehicles and exceptional value. If you're interested in the industry or government contracting, understanding NAICS code 441120 is essential. This code identifies businesses primarily engaged in retailing used cars and light trucks—an important segment in the Retail Trade sector.
What is NAICS Code 441120?
NAICS Code 441120 specifically covers establishments primarily engaged in the retail sale of used cars and light trucks. These businesses may also offer additional services such as financing options and vehicle warranties, enhancing the buying experience for customers. This includes dealerships specializing solely in used vehicles, making it easier for consumers to find affordable and reliable transportation.
Sector & Typical Business Activities
- Sector: Retail Trade
- Typical Business Activities:
- Retail sales of used cars and light trucks
- Offering related services, such as vehicle financing and warranties
- Operating pre-owned vehicle sales lots and dealerships
- Specializing in various types of used light vehicles, including antique autos
NAICS 441120 Size Standards
To qualify as a small business under NAICS code 441120, annual receipts must not exceed $30.5 million dollars. This size standard is crucial for businesses seeking federal contracting opportunities or SBA assistance, ensuring that smaller dealerships compete on a level playing field with larger firms.
Examples of Businesses Under NAICS 441120
- Used car dealerships specializing in previously owned vehicles
- Pre-owned vehicle sales lots offering a variety of used makes and models
- Retail outlets focused exclusively on selling used automobiles and light trucks
NAICS Code 441120 - Code Details Table
| Code | Description |
|---|---|
| Antique auto dealers | Dealers specializing in vintage or classic used automobiles |
| Automobile dealers, used only | Businesses selling only used cars and light trucks |
| Light utility truck dealers, used only | Dealers focusing on used light trucks and utility vehicles |
| Used car dealers | General used car dealerships retailing pre-owned vehicles |
Frequently Asked Questions (FAQ)
What types of vehicles do NAICS 441120 businesses typically sell?
They primarily sell used cars and light trucks, including sedans, SUVs, pickup trucks, and vintage automobiles.
Are financing and warranties included in NAICS 441120 activities?
Yes. Many used car dealers provide financing services and offer warranties to buyers, adding value and convenience.
Can businesses selling both new and used cars be classified under NAICS 441120?
No. NAICS 441120 is specifically for dealerships that sell used vehicles only. Businesses selling new and used cars typically fall under a different NAICS code.
What is the SBA size standard for NAICS 441120?
The size standard is $30.5 million in annual receipts to be considered a small business for government contracting purposes.
Why is understanding NAICS codes important for used car dealers?
Knowing the right NAICS code helps businesses identify relevant government contracting opportunities, comply with regulations, and access small business resources like loans and certifications.
By understanding NAICS code 441120 - Used Car Dealers, businesses can better position themselves in the marketplace and leverage available opportunities within the Retail Trade sector. Whether you operate a small pre-owned vehicle lot or a larger used automobile dealership, familiarity with this code is critical for growth, compliance, and success.
