NAICS Code 5511 - Management of Companies and Enterprises

NAICS 5511 - Management of Companies and Enterprises

NAICS 55 - Management of Companies and Enterprises
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 551 - Management of Companies and Enterprises
  NAICS 551 - Management of Companies and Enterprises
  - NAICS 5511 - Management of Companies and Enterprises
    NAICS 5511 - Management of Companies and Enterprises

This industry comprises (1) establishments primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions or (2) establishments (except government establishments) that administer, oversee, and manage other establishments of the company or enterprise and that normally undertake the strategic or organizational planning and decisionmaking role of the company or enterprise. Establishments that administer, oversee, and manage may hold the securities of the company or enterprise.

Industry trends:

The motor vehicle dealer industry (NAICS 5511) is currently experiencing notable qualitative trends driven by several factors. There is a significant shift toward online and digital retailing, accelerated by the COVID-19 pandemic, which has pushed dealerships to enhance their online presence and offer virtual tours, online financing, and home delivery options. Customer behavior is leaning towards a preference for a seamless online experience that includes browsing, purchasing, and after-sales services.

Electric vehicles (EVs) and hybrid models are increasingly dominating the market, with growing consumer awareness and government incentives bolstering their adoption. Dealerships are consequently expanding their inventories to include more EVs and investing in training for their staff to handle these advanced vehicles effectively. Moreover, sustainability trends are forcing dealerships to adopt greener practices, from energy-efficient showroom designs to eco-friendly service options.

In the near future, it is expected that the focus on digital and omnichannel sales strategies will continue to intensify. The integration of AI and advanced data analytics will help dealerships better understand consumer preferences and personalize the sales process. Additionally, the rising concern over supply chain issues is prompting dealers to maintain higher inventory levels or adopt just-in-time inventory systems to manage fluctuations in vehicle availability.

This industry is comprised of:

NAICS 55111 - Management of Companies and Enterprises

Explore related industries:

NAICS 5239 - Other Financial Investment Activities NAICS 5416 - Management, Scientific, and Technical Consulting Services NAICS 9261 - Administration of Economic Program

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