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Dealers nationwide are getting ready for a plateau in new-vehicle sales
2016-03-28 13:26:26| Auto Dealers - Topix.net
Some forecasters see new-vehicle sales plateauing in 2016. How is your dealership responding to those predictions? Multiple answers allowed 45% Shifting focus to used vehicles 36% Shifting focus to service and parts/fixed ops 32% Other belt-tightening 21% Holding the line on new hires 17% Scaling back new-vehicle inventory 14% Resisting factory urgings to spend on facilities 11% Locking in low interest rates wherever applicable while I can 29% I disagree; this dealership senses opportunity and is in expansion mode Source: Automotive News online survey March 9-15; 80 respondents With most of the first quarter behind them, many dealers believe new-vehicle sales have plateaued, prompting them to take steps to protect profits in case the market slows or slides.
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Category:Automotive