Retail (Consumption)Watch video
Used car inventories have been limited by a 50% plunge in repossession volumes in 2020 and auction volumes by a decline in lease returns.
Given these supply constraints and raw material cost inflation, we expect auto prices to continue to head higher.
There has been a meaningful shift in consumer willingness to purchase vehicles online as a result of the pandemic.
Approximately 40% of dealers see online sales growing meaningfully, while ≈35% expect to hit a saturation point and a quarter of respondents expect consumers to move back toward in-store shopping.