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Cox study shows dealership service lanes losing market share, consumer trust

Auto Remarketing

The study’s results are based on a survey conducted in the second half of 2023 of 2,493 vehicle owners — including 182 electric vehicle owners — who had at least one service performed in the previous 12 months, accounting for more than 5,500 service visits. in the pre-pandemic 2018 survey. for the average gas vehicle.

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Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

AutoSuccess

For many dealers, their profits will also be affected by higher floor plan costs and the need to invest in infrastructure to support the growing sales of electric vehicles. In the Electric Vehicle Market, 2024 Will Be the Year of More – More Models, More Incentives, More Discounting, More Advertising, and More Sales Muscle.

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Tesla Model Y Named World’s Best-Selling Car In 2023

Tomorrow's Technician

In fact, Europe was the fastest-growing market in 2023 as a result of booming demand in Turkey, the region’s fourth-largest market, ahead of Spain. In addition to this, the strong push from the local authorities to incentivize demand for electric vehicles (EVs) also contributed to accelerated sales, JATO data found.

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