If you have it your way you will not have to go back to a new car dealer lot for the next four or five years. This is your goal, of course, after having spent more hours than you care to admit shopping for new cars. With three leases lapsing and one car getting hailed out, you are hopeful that you have mad great purchases that will keep your whole family driving for awhile.
Both used and new car dealers offer experiences that many consumers love to hate. And while there certainly are people who make the decision to shop for a new car or a used car online, the fact of the matter is many people still want to get into the vehicle and go for a test drive.
Auto Dealers Continue to Balance Sales with Service to Reach the Greatest Amount of Success
Whether you are shopping for a new car or a used car you likely understand the need for value. It does not matter how much are spending, in fact, you want to make sure that you are getting a reliable vehicle that will allow you to get to work and all of your activities. And while there is often little negotiations that are available when it comes to buying a new car, there are many options when it comes to service. For this reason, new car buyers can find themselves making as many decisions about prepaid service contracts as about the financing on the purchase itself.
In fact, dealerships across the U.S. wrote more than 316 million repair orders in the year 2017 alone. Consider some of these other facts and figures about the new and used car sales economy:
- In 2017 light truck sales numbered approximately 11.1 million units.
- In 2016, in fact, light truck sales accounted for around 65% of the 17.1 million vehicles sold in the U.S.
- Nearly 40 million used cars exchange hands each year between dealership and private party sales.
- In 2017, the total cost of parts sales and service at dealerships in the U.S. was greater than $114 billion.
- The latest research indicates that the 16,802 franchised dealers in America sold a total of 17.14 million new vehicles in 2017.
- Total new vehicles sales surpassed $1 trillion i 2017.
There is no denying that every part of the economy is affected by the internet and online sales. And while it was projected that the U.S. automotive industry would spend $9.94 million on digital advertising in 2017., there are still many consumers who want to make sure the they can visit used or new car dealerships to see in person and test drive the vehicles they are considering.