Early Stay-at-Home States Showing Positive Signs for Auto Dealers
PureCars has released a COVID-19 report for auto dealers, filled with data, tips and trends..
PureCars has released a COVID-19 report for auto dealers, filled with data, tips and trends..
Image by Gerd Altmann from Pixabay
PURECARS – PureCars has released a COVID-19 report for auto dealers, filled with data and insights that show the continued impact the pandemic is having on the industry, tips to help dealers make the right decisions for their business, and trends that show where dealers in some of the earliest and hardest-affected states are now showing positive signs.
“In the last week, we’re also seeing shopper activity increase in West Coast states, those that have been in lockdown for the longest period," said PureCars CEO, Jeremy Anspach. "These are signs of hope and the beginning of recovery. No doubt we have a long way to go, but to see some light at the end of the tunnel is a welcome reassurance.”
The report includes special sections on:
Sales and engagement trends
Import brands starting to show weekly increases
Positive value dealers are seeing with social
And a special case study spotlight on where one Florida dealer is having success
More Showroom
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →
California Hybrids Reach State Record
The Golden State still leads the country in electric-vehicle registrations, but much like the rest of the U.S. its hybrid market share is up while full electrics stabilize after a dramatic first-quarter dip.
Read More →
My Mercedes in the U.S.
The German brand debuted its studio dealership concept for the first time in the states in Los Angeles, tapping Americans’ penchant for creative distinctions.
Read More →
Used Sales Hit Summer Drag
The vacation season, combined with high prices, has dented deliveries and added to inventories, though supply is still slim enough to keep listings elevated.
Read More →
California Launches EV Rebate Program
Participating automakers are matching the state's $13.5 million investment in new electric-vehicle rebates scheduled to take effect later this summer.
Read More →
OEM Poll Sees Industry Evolution
Kerrigan Advisors’ survey of automakers finds that tariffs, technology, network tightening and other factors are poised to reshape auto retail.
Read More →
The Trade-In Paradox
Retailing older cars with confidence in today’s market is a matter of establishing and following a clear process that can turn greater profit for auto dealers as they aim to meet used-unit hunger.
Read More →
Focus on Vehicle Cabins
The market for interior materials will grow in coming years as automakers look to meet consumer demand while staying competitive with changeups to sourcing and included features.
Read More →