Auto Dealer Business Model Changed by COVID19; Surging Online Sales Option Becoming Primary Way to Buy a Vehicle; Dealers Waking Up.
SITUATION:Non-Dealers & dealers moving potential buyers to online & to their Web sites.Online companies selling vehicles to people mostly sight unseen.Traditional dealerships shifting to selling off their websites.Online offering more capabilities and investing in delivery personnel & services.Demand for preowned vehicles driving Carvana & other competitor sales.
SIGNIFICANCE:COVID 19 fall out changing the way people buy car & trucks.Shift to Internet Retailing from going to…
