The scene of the whole world is changing and the automotive part of that world has been shaken in the process. Coronavirus or Covid-19 has swept through the globe with reckless abandon faster than a Ferrari with a jet engine and has affected some of the largest parts of the industry. Even the Geneva motor show, a huge part of debuting the most polished and pristine examples of advanced autos in the world, was canceled for the first time in nearly 70 years. The impact across the industry is vast. Dealership sales models are being adjusted all over the country as everyone tries to get a better grasp on what we’re in for. One dealer in the southeast United States told VINsmart “It’s grinded to a halt”. Here’s a behind the scenes peek at what is actually happening inside the automotive industry and how you can take full advantage of those market adjustments to help your customers score a killer deal on their next used car.
What a week for Tesla, and there wasn’t even a model announcement to deal with! From a sighting of the soon-to-be-released Model Y and a tweet about a Giga facility in Texas, plus some surprising influence from a bug in China, anyone who doesn’t follow Tesla in the news might want to start keeping an eye on the finance and autos pages.