Our latest dealer survey, conducted in late March, shows that every one of your businesses has been impacted by the coronavirus outbreak — with nearly 75% reporting the impact as “extreme.”
Sales appear off by approximately 50%, while service is down by nearly 40%. Already, about 45% of dealerships have had to furlough employees, with most expecting additional layoffs.
Your biggest concerns remain the immediate health of your employees and your customers — and the long-term health of your business.
Thanks to all who completed the survey to provide these important insights. While alarming, they further prove that you are not alone.