In a survey conducted by the Automotive News Data Center from March 18 to 24, the 314 respondents indicated they expect sharp declines in new- and used-vehicle sales and in their overall businesses.
Analysts say the majority of customers who have disappeared from showrooms are simply waiting for a period of more stability and economic confidence — and in many states, for orders keeping them at home to be lifted.
The automaker aims to have 198 dealerships using Transit vans upfitted with repair equipment this year. Many already offering mobile service have helped doctors, nurses and first responders who are fighting the virus outbreak.
After shuttering showrooms, dealers lay off employees — and it may be just the start
“It was probably the most tragic day of my career,” said one dealer in Washington state after putting workers on what he called standby unemployment amid the pandemic.
Japan and South Korea carried on as business-as-usual in the face of the COVID-19 pandemic, keeping their auto factories open until now. But the economic contagion is finally catching.