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As we continue to navigate the shifting landscape in auto retail, one thing has become crystal clear: the days of cost-cutting have ended. The Wikimotive team and I used the Fed data to tally the total dollar value of new car dealer and used car dealer retail sales nationally since 1992. What does the data show?
This is significant for jobbers, as reduced consumer and business spending directly affects demand within the retail service environment. per cent year-over-year decline in Q4, citing reduced consumer spending in the retail sector. A look at publicly traded aftermarket corporations offers insight into industry trends.
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