- The customer traffic index and profit index saw statistically significant gains from Q1, reaching and tying the highest levels in survey history respectively.
- Inventory levels moving in different directions create an interesting contrast between the new- and used-vehicle markets.
- Most U.S. franchised auto dealers continue to believe tariffs on imported cars and auto parts will negatively impact business and profitability.
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchise and independent auto dealers, the Cox Automotive Dealer Sentiment Index measures dealer perceptions of current retail auto sales and sales expectations for the next three months as “strong,” “average” or “weak”. The survey also asks dealers to rate new-car sales and used-car sales separately along with a variety of key drivers including consumer traffic. Responses are used to calculate an index where any number over 50 indicates that more dealers view conditions as strong rather than weak.
Download the full report of the Q2 2019 Cox Automotive Dealer Sentiment Index below.
Read the press release to see the highlights: https://www.coxautoinc.com/news/u-s-auto-dealer-sentiment-remains-slightly-negative-despite-stronger-traffic-profits/
If you are interested in speaking with Cox Automotive Chief Economist Jonathan Smoke or need additional study details, contact Mark Schirmer, director, public relations, Cox Automotive, at email@example.com or 734 883 6346.
Cox Automotive Dealer Sentiment Index – Second Quarter 2019
Read the full findings of the Q2 2019 Cox Automotive Dealer Sentiment Index quarterly survey.Download