Major Group SIC 55 - Automotive Dealers And Gasoline Service...

SIC 55 - Automotive Dealers And Gasoline Service Stations

SIC 55 - Automotive Dealers And Gasoline Service Stations
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes retail dealers selling new and used automobiles, boats, recreational vehicles, utility trailers, and motorcycles including mopeds; those selling new automobile parts and accessories; and gasoline service stations. Automobile repair shops maintained by establishments engaged in the sale of new automobiles are also included. Establishments primarily engaged in selling used automobile parts are classified in Wholesale Trade, Industry 5015.

Industry trends:

Recent qualitative trends in NAICS Sector 55, encompassing Management of Companies and Enterprises, demonstrate a significant shift towards digital transformation and the integration of advanced technologies. Companies are increasingly leveraging data analytics, AI, and machine learning to drive decision-making processes and improve operational efficiencies. This trend underscores a growing emphasis on data-driven strategies to gain competitive advantages.

Additionally, there is a notable movement towards greater workforce flexibility and remote working solutions. The pandemic has accelerated the adoption of virtual collaboration tools, allowing management companies to maintain productivity while offering work-life balance to employees.

Sustainability and socially responsible investment (SRI) are also gaining prominence, with management firms adopting ESG (Environmental, Social, and Governance) criteria in their strategic planning and client advisories. This reflects a broader trend towards ethical business practices and long-term value creation.

Looking ahead, forecasts suggest that the focus on cybersecurity measures will intensify, given the rising incidence of data breaches and cyber threats. Moreover, the integration of blockchain technology may revolutionize traditional management practices by ensuring greater transparency and security in record-keeping and transactions.

In summary, the Management of Companies and Enterprises sector is poised for significant transformation driven by technology adoption, flexible work environments, sustainability, and enhanced security protocols. This convergence aims to streamline operations, foster innovation, and align with evolving market demands.

This industry is comprised of:

SIC 551 - Motor Vehicle Dealers (New And Used)

SIC 552 - Motor Vehicle Dealers (Used Only)

SIC 553 - Auto And Home Supply Stores

SIC 554 - Gasoline Service Stations

SIC 555 - Boat Dealers

SIC 556 - Recreational Vehicle Dealers

SIC 557 - Motorcycle Dealers

SIC 559 - Automotive Dealers, Not Elsewhere Classified

Explore related industries:

SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services

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