Customers streamed into auto showrooms from California to Florida over the weeke...
- Customers streamed into auto showrooms from California to Florida over the weekend, car dealers across the United States said on Monday, shrugging off concerns that coronavirus worries might dampen sales.
Carmakers are expected to give dealerships details of their consumer discount offers in the coming days. Changes to pricing offers could reflect a drop in supply of some Asian vehicles hit by supply shortages. Automakers could also cut prices to lure worried U.S. shoppers. Larry Laskowski, executive director at the Independent Automobile Dealers Association of California, which represents the state’s roughly 6,000 used car dealers, said the coronavirus has not been an issue for members.
A spokeswoman for the National Car Dealers Association said the group reached out to dealers in various regions over the weekend and received no reports of a fall-off in foot traffic or a drop in sales. Of particular interest are popular Asian models, such as Hyundai’s Palisade and Subaru Corp’s Forester SUV. Moves to increase finance interest rates or upfront down payments could point to tight supply.
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