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Franchised Dealers Stand to Gain Service Business
Cox Automotive research shows both the opportunities and the challenges in turning consumers’ growing affordability needs into increased fixed-operations revenue.
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SEARCHMENUSEARCHCox Automotive research shows both the opportunities and the challenges in turning consumers’ growing affordability needs into increased fixed-operations revenue.
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The 0- to 2-year-old car segments were down 0.13% and 8- to 16-year-old cars declined 0.28%.
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Latent demand, particularly from fleets, overcomes other market constraints.
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Study finds them more willing to shop brands as inventories grant more choices.
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Growing number of dealers experiencing improved sales by enabling customers to research, shop for products online.
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Union members voted in favor of a new three-year contract that improves pensions, wages and healthcare benefits.
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Ban on new gas-powered vehicle sales delayed by five years to 2035.
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Pandemic pressures have forced used-car buyers to get older and older vehicles.
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Notice affects new and used sales in the US and Canada over emissions issue.
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Vast potential exists for the technology in automotive. The time is now for car makers, insurers and repair operations to prepare for it.
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