A special report from the Automotive News Data Center in partnership with DSMA
The battle against the coronavirus began in January 2020. Since then, the battle has escalated into an all-out global war where causalities have been swift, severe and nondiscriminatory. Entire industries and economies have come to a standstill as people distance to help deter the spread of the virus and, as a result, distance themselves from businesses they interact with every day. Among those on the front lines are automobile dealers.
In March 2020, the Automotive News Data Center surveyed more than 300 dealers in the U.S. and Canada to understand how they are responding to the fight against COVID-19 and gain perspective on the impact to their businesses and the automotive industry.
In this special report, we delve deeper into dealers' responses to the survey and share insight into:
- What dealers are doing to drive revenue
- Their perspectives on the effectiveness of government action in response to the coronavirus
- Dealers’ outlook on getting back to business and challenges that may slow the rebound
Maxime Theoret, CFO of DSMA, also offers advice on what auto dealers can do now to unlock cash as they wage the fight against the effects of COVID-19, and how they might be best positioned to thrive when the war has been won.