Service Business Falls in December
Lowest reading in years exposes room for improvement, Cox Auto says.
Lowest reading in years exposes room for improvement, Cox Auto says.
Enhancement to ProfitTime GPS, Global Search platform simplifies vehicle acquisition,
Inventory was up in December, but delayed pandemic effects on new-vehicle sales still to be felt.
Total inventory, though, was up 50% year-over-year.
Consumers faced tighter conditions in the fall, though their overall outlook brightened.
New-vehicle buying conditions far better than a year earlier as market shifts to the buyer.
Cox tracked four straight months of YOY declines from pandemic-era records.
Cox Automotive nevertheless sees growth continuing for the long haul.
December decrease part of trend toward normalcy that’s expected this year.
Post-pandemic settling to bring normalcy, falling dealer profit.
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