Economic Outlook: Source

  • Personal consumption expenditures increased 0.2% on the month and was up 2.9% YOY.
  • Including volatile food and energy costs, headline inflation also rose 0.2% for the month and held steady at 2.6% annually.
  • Consumer spending increased 0.7%, stronger than the 0.5% estimate. Personal income growth edged lower to 0.3%, in line with the forecast.

Wholesales to Retail Trending: Buy now to save later with front-line processes.

  • The market rebounded last week from the bad weather the previous week. 
  • The wholesale market is showing signs of the Spring market. 
  • Three-year-old wholesale depreciation was flat.
  • Lane efficiency improved and sale prices moved closer to MMR. 
  • Used and new retail sales improved, pushing down days’ supply.

 

Service Market Outlook: Source

  • Over 70% of shoppers say online video has helped them learn more about an auto product they intend to buy.
  • 65% of people who took their vehicle in for service first heard about the service center through video.
  • More than 40% of franchise auto service business live on reactive versus routine maintenance.
  • Personize your people and their quality service experience in video and print to grow awareness and repeat business.
John Ellis CEO & Founder of The Automotive Advisor Team, LLC

Author: John Ellis

Founder & CEO Agile Auto, In, The Automotive Advisor Team, Inc. BEVEveryting, Inc. & Double E Consulting, Inc.

LinkedIn page