Cox Automotive Dealer Sentiment Index: With COVID-19 Concerns Mostly in the Rearview …

icon-branding Events Icon Created with Sketch. Inventory Icon Created with Sketch. icon-mail-hovericon-mail Marketing Icon Created with Sketch. icon-operationsicon-phone-hovericon-phone Product Training Icon Created with Sketch. Sales Icon Created with Sketch. Service Icon Created with Sketch. Press Releases Friday June 10, 2022 Article Highlights Dealers rank limited inventory and the economy as the top two factors holding back business, while business impacts from COVID-19 drops out of the top five. Cost index – specifically the cost of running a dealership – hit a record high in the second quarter. Profit index declines again in Q2 but remains higher than pre-COVID levels. ATLANTA, June 10, 2022 – U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment. The current market index peaked at 67 in Q2 2021 and has been trending downward since. Still, at 54, the current market index remains above the positive threshold of 50 in the Cox Automotive Dealer Sentiment Index (CADSI). The key drivers of sentiment saw disparate shifts in Q2. The 3-month, forward-looking market outlook index sharply dropped from the previous quarter and, at 53, is well below…
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