New Survey of U.S. Auto Dealers Predicts New Forms of Mobility to Drive Declines in Personal Vehicle Ownership, Number of Dealerships
Auto dealers and consumers are more closely aligned on the future of mobility than many industry experts might imagine with both expecting significant reductions in personal vehicle ownership. In fact, dealers are predicting an even sharper decline in ownership than consumers1 in the next five years (28 percent versus 18 percent). However, while most of the dealers surveyed recognize this eventual reality, only 1-in-10 dealers see mobility as a threat to their current business, according to the second phase of the 2018 Cox Automotive Evolution of Mobility Study: A Dealer’s Perspective.
In the latest chapter of Cox Automotive’s three-part study series, an online survey was conducted with 430 franchise and independent automotive dealers in the U.S. The first phase of the Cox Automotive Evolution of Mobility Study, released in August 2018, focused on consumer perceptions of Alternative Ownership and Autonomous Vehicles.