Lafayette - Circa April 2018: Local Ford Car and Truck Dealership. Ford sells products under the Lincoln and Motorcraft brands XI Faced with the partial federal government shutdown, sales frozen by the polar vortex, concern about lower income tax refunds and the effect of import tariffs, U.S. auto dealers were pretty down in the dumps at the end of last year, but a new survey shows that sentiment is on a slight upswing. reveals U.S.
Indeed, while dealers are feeling somewhat more positive compared with how they felt at the end of last year, that optimism is tempered by lingering concerns, according to the surveyWhen asked what factors are holding back their businesses, the same top five emerged in the Q1 survey as in Q4 2018: market conditions, competition, credit availability for consumers, expenses and limited inventory.
The long-predicted new vehicle sales slowdown came to fruition during the first two months of the year. A consensus of analysts predict 2019 U.S. new vehicle sales will come in around 16.8 million units, marking the first time in four years full-year sales will fall short of 17 million. That’s still a very good year, but not the gravy train dealers and automakers had grown used to, and it’s wearing on dealers’ view of what’s ahead, said Smoke.
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