EkaLore started with the idea of a BOTE – Back of the envelope piece on the Auto Dealer market after gathering information from various sources, including -IBISWorld, NADA, and BLS, from the end of 2022.
Today’s post is a snapshot of data for the vehicle industry taken at Dec 2022. The final few posts will outline obvious and non-obvious challenges for the Auto Dealer channel. The series has already outlined named lengthening loan terms, the push for Direct-to-Consumer sale/delivery, and the increasing vehicle retention.
Our goal is to provide some insight based on the numbers today. We're looking for Auto Dealer owners interested in an out of the industry perspective.
Our next post will include six new pressures on Auto Dealerships. You'll find it at www.ekalore.com/alien-invaders
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