Service counter: Service forecast
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Cox Automotive asked franchised dealers how fixed operations will fare in 2021 vs. 2020. Their responses: | |
Worse | 6% |
---|---|
Better | 37% |
Same | 46% |
Percentage of dealers who said they planned to offer consumer pickup and delivery for service vehicles this year. | |
Franchised dealers | 48% |
Independents | 15% |
Source: Cox Automotive | |
The specialty-equipment industry saw a rise in online sales during the pandemic, but forecasts show a return of customers to brick-and-mortar stores. | |||
Share of specialty-equipment sales | |||
---|---|---|---|
Online | In-store | ||
Fall 2018 | 36% | 64% | |
Fall 2019 | 39% | 61% | |
Fall 2020 | 44% | 57% | |
2021 | 44% | 56% | |
2022 | 39% | 61% | |
2023 | 40% | 60% | |
4 in 10 retailers/installers of specialty equipment saw sales decline last year, but a majority expect an increase in 2021. | |||
2020 industry sales vs. 2019 | |||
Increase | Stay the same | Decrease | |
Manufacturer | 47% | 25% | 28% |
Distributor | 38% | 28% | 34% |
Retailer/installer | 32% | 27% | 41% |
Expectations for 2021 sales | |||
Increase | Stay the same | Decrease | |
Manufacturer | 63% | 28% | 8% |
Distributor | 64% | 27% | 8% |
Retailer/installer | 51% | 39% | 10% |
Source: SEMA Future Trends | |||
Nearly 8% of consumers delay routine vehicle maintenance, according to IMR’s Delayed Vehicle Maintenance Tracking Study. Main reasons for delays: | |
Couldn’t find a convenient time | 33% |
---|---|
Cost of repair too much | 30% |
Repair isn’t important to overall driveability of vehicle | 14% |
I don’t plan on owning the vehicle much longer | 4% |
Repair takes too long/can’t be without my vehicle | 3% |
Part not available | 2% |
Wanted second opinion on whether repair needed | 1% |
Other | 13% |
Source: IMR Inc. | |
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