DMEautomotive’s latest white paper revealed that the aging customer base is significantly favoring aftermarket chains' service profits while threatening those of new-car dealerships.
J.D. Power and Associates’ 2012 Avoider Study indicated that more than 40 percent of new-vehicle buyers said they based their opinions on conventional wisdom or common knowledge rather than personal experience, reviews, ratings or recommendations.
Edmunds.com estimates that the 300,000 new-car purchases the industry missed out on over the summer will be realized in the coming weeks, with the vehicle information site predicting a notable start to 2012.
AutoTrader.com’s New Car Insights Report for September indicated that new-model entries in the compact car segment gained considerable increases in consumer interest on the site.
The industry is facing another possible crisis, but nobody seems to be in panic mode just yet.
The California New Car Dealers Association (CNCDA) announced that first quarter registrations of new cars and light trucks increased 19.8 percent from the year-ago period.
U.S. new-vehicle sales for the first quarter 2010 were 15.7 percent higher than the year-ago period, but the market continues to be on a long road to recovery, according to the latest figures from JATO Dynamics, a provider of automotive data.
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