GW Blog

Used car sales have been booming amidst Covid-19 and there is more to go around in the coming months. The demand for purchasing a vehicle hasn’t completely disappeared despite the economic downturn. If anything, people who used to rely on public transportation and ride sharing services are now faced with the need for their own vehicle. With many buckling down their budgets and personal finances, used versus new is a no brainer.

2020 has taken us by storm, and things continue to pick up speed for the automotive industry. Some dealers experienced inventory being stolen during the midst of the Coronavirus chaos and shutdowns. Things have segued into a more unfortunate situation, following the death of George Floyd a few weeks ago. If things were not already crazy enough, more fuel has been added to the fire of unrest in our country.

Science says it takes 66 days to form a new habit. Most people started self-quarantine in the beginning of March, so things will probably never go back to how they were before Covid-19. We’ve all changed a little - businesses and individuals.

We’ve seen the future, and it’s used vehicles. Right now dealers and consumers are struggling through this pandemic. A majority of dealers are operating with just a skeleton crew in fixed ops, and most sales departments are closed. This won’t last forever. So what’s next?

You have to keep your eyes on the prize.