U.S. Traders' new vehicle sales dropped 1.9 percent from 965 in 2016 to 947 in 2016 and from a peak of 966 in 2015 as sales fell and merchants rose, Urban Science says. Picture credits: DAVID PHILLIPS
U.S. Tractor throughput – the average number of new vehicle sales per dealer – is expected to decrease 2.9 percent from 947 in 2017 to 920 vehicles by 2018, predicts the automotive consultancy Urban Science.
If this were the case, 2018 would have the third annual UrbanSubject Automotive franchise activity report published in the Urban Science study showing a decline in retail store sales (19659003) New vehicle throughput at dealerships was in 2017 from 965 in 2016, down 1.9 percent to 947, in 2015 from a high of 966, as sales fell and the number of dealers rose.
U.S. Sales of new light vehicles fell in 2017 by 1.8 percent to 17.2 million and ended a seven-year series of increases.
The US dealer network remained essentially stable and comprised 18,113 rooftops from 18,170 roofs as of January 1, 2017.
The report found that 97 percent of local markets in the US There was virtually no change in the number of dealers, meaning that they had a profit or loss of no more than a single roof
The largest growth took place in Texas, with 15 new dealers, followed by Florida with 11 new dealers and Pennsylvania with 10th Mississippi, Missouri and New York followed by five new traders each.
"The way it looks In the past few years it has been a slight increase – as many as 30 [or] 40 per year – in terms of the number of roofs," said Mitch Phillips, Global Data Director at Urban Science, . While some brands are consolidating, he adds, "Some brands planned over the next few years could increase the number of roofs or keep them stable when using existing businesses."
For example, China's Guangzhou Automobile Group is gearing up for a US launch, and
Phillips expects the number of traders to remain stable over the next few years unless there are "big changes in the economy".
Jennifer Vuong contributed to this report.
SOURCES: CARSCOOPS BMWBLOG MOTORAUTHORITY
CLASSICCARS SPEEDHUNTERS MOTOR1
DUPONTREGISTRY AUTONEWS OLDCARSWEEKLY
THETRUTHABOUTCARS LUXUO AUTOPARTSWAREHOUSE
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