30 minutes | Jul 16th 2020

Exclusive advice: The market is sliding back. Car dealers need to prepare. Jonathan Smoke − Chief Economist, Cox Automotive

After a rapid industry recovery, “the next 3-6 months could see some reversing trends as COVID-19 cases grow and threaten the industry.”

Our interview with Jonathan Smoke, Chief Economist for Cox Automotive, contains amazing insights on factors that led to record setting sales in May and June, along with reasons to be cautious as the industry’s recent gains are likely to recede in the coming months.

Episode Highlights:

  • What are “the 4 C’s” that led to unprecedented gains in May and June?
  • How should dealerships act now that the 4 C’s (and the car market) are declining again?
  • This presidential election may be the most volatile in our lifetimes. How will it affect the auto industry?

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Episode Sponsor:

DCG Capital - DCG Capital’s lender relationships can provide new car dealers with working capital loans, floor plan financing, mortgage loans, and other reduced interest rate financing at historically low rates. Contact DCG Capital Today.

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