1. 80% of Dealers Say Biz “Getting Better”

Wall Street Journal

Speed Read:

Auto deal­ers are opti­mistic about 2014, and plan­ning to grow their busi­ness­es.

Chase’s sur­vey says 66+% of deal­ers believe that the econ­o­my is com­ing back.

Drill- Down Details:

  • Sev­en in ten deal­er­ships to expand pay­roll, inven­to­ry
  • 84% say their busi­ness is past worst eco­nom­ic down­turn
  • 6.8% increase from the same sur­vey per­formed in 2012
  • Deal­er antic­i­pat­ing more than 5 % over­all sales growth
  • 71% like­ly to expand their pay­rolls in 2014
  • 10% high­er than last year. 30% plan to hire more than 6 peo­ple
  • 73% like­ly to expand their inven­to­ry in the next 6 months
  • One in four will seek financ­ing for their expan­sion
  • 41% say they would use financ­ing to increase floor­plan
  • Deal­ers antic­i­pate pre-owned vehi­cles, SUV’s to be growth lead­ers


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