A recent article published by ResearchAndMarkets.com presents the effect of COVID-19 on the automotive industry and how dealerships are coping.
With the current situation where numerous showrooms needed to close, dealers have resorted to leveraging the digital world, such as offering online sales and contactless consumer experience including showing the vehicles through Zoom, and delivering the cars to the customer’s doorstep for test drives, which may continue post-COVID-19.
The article, which includes five automotive market reports, also stated that the demand for new vehicles and the price of used cars has dramatically dropped during this pandemic. Although many are hoping for a better situation as states start to lessen lockdown limitations.
Read the full article and links to the 2020 U.S. New Car Dealers Industry-Second (2nd) Quarter-Coronavirus (Covid-19) Update-Industry & Market Report, Motor Vehicle and Parts Dealers Global Market Report 2020-30: COVID- 19 Impact and Recovery, Used Car Dealers - 2020 U.S. Market Research Report with COVID-19 Forecasts, Automotive E-tailing Market - Growth, Trends, and Forecasts (2020 - 2025), and Automotive E-tailing Market: Trends, Forecast and Competitive Analysis, here.
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