Dealer Sentiment Waivers

According to the most recent Cox Automotive Dealer Sentiment Index, retail automotive dealers - both franchised and independent - are raising an eyebrow and casting a sideways glance to the remainder of the year.

While second quarter profits remain high, inventory woes continue to linger and the cost of operating a dealership is at its highest level since 2017.?Used vehicle inventories seem to be improving a bit and dealers are optimistic about sales for both used and new vehicles.?However, dealers are worried about inflation and the possibility of a recession along with lagging consumer confidence.

As our Chief Revenue Officer, Eric Fifield recommended in EFG's second half predictions announcement, now is the time for a more strategic focus to tackle the challenges of the day.