Affinitiv Automotive Industry Trends Guide: May 2021
All | May 24, 2021
Author: Affinitiv
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Navigate the automotive market through key and developing trends
As the industry continues to push through uncharted territory, consumer confidence continues to grow, as did the average sale price, exceeding $40,000 for the first time in 2021. Discover more trends surrounding sales, service, and appointments that are impacting the industry right now. Our May 2021 Automotive Industry Trends Guide provides the full outlook.
Some key highlights from this edition include:
- Significant increase in consumer confidence and disposable personal income
- Strong YoY sales growth despite slightly lower volume in April vs. March
- Average RO value continues to grow; daily drive miles have slightly increased
- Service appointments are increasing faster than RO counts
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