With all that’s happened this last 12 months, there is one certainty:
2021 will see more car sales than 2020.
Car sales this year have reduced by historic margins, due to a number of factors.
These include slow production and factory closing around the world, logistical disruptions, economic uncertainty,
lower consumer spending and changing transport behaviors.
While 2021 will definitely see more car sales, it’s unlikely we’ll see the level of sales of prior years for some time.
Long wait times for new cars and lower consumer spending overall.
People are making do with what they have for the moment.
For Businesses in the Auto industry its been hard.
Even getting parts is a wait time.
For businesses involved in the automotive industry, it will be imperative to form a plan in supporting this prolonged recovery.
The pandemic has likely made permanent changes to consumers’ interaction with cars.
Businesses that position themselves to take advantage of these changes will see greater success in the future.
Lets hope we can see a fast recovery…
and a Covid 19 vaccine rollout in Austalia ASAP.
