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ARTICLE · 01 AUGUST 2019

Auto Team America Update

Crowe
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Tesla's operations continue to be a battle between the manufacturer and state laws.

CanadaCorporate/Commercial Law
Crowe MacKay LLP
Crowe MacKay LLP
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Three times a year members of our Automotive Group attend meetings with Auto Team America to discuss the latest trends and events in the Automotive Dealership section. For more information on the points below or other inquiries contact Conven Tang in our Edmonton office.

Industry

  • Slow start to the year with January and February being the most challenging. Dealers that have diversified operations (subprime, special financing, and insurance products) are doing well. Q1 results show that profitability is down this year by 0.7%.
  • Projected units sales for 2019 expected to be the same as 2018 at 17 million units for North America.
  • Industry changes in the next few years to include ride share/subscription services, popularity of electric vehicles, population growth, millennials starting families, and decline in public transit ridership.

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