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ARTICLE · 23 MARCH 2022

NADA Annual Conference Summary From Crowe MacKay Experts

Every year Crowe Partners participate in sessions hosted by Auto Team America at the NADA annual conference. Below are notes from those meetings.

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LIVE FROM NADA

Every year Crowe Partners participate in sessions hosted by Auto Team America at the NADA annual conference. Below are notes from those meetings.

For more information contact Conven Tang in our Edmonton office.

Industry 

  • Continued focus on electrification by all manufacturers
  • Manufacturers encourage customers to place orders on electric vehicles early
  • Investment in dealerships outperform S&P 500 by three time
  • Cap Rate falls below 7%
  • Concentration to provide convenience to customers and develop online tools to facilitate vehicle sales process.  Projected 50% of sales will be online by 2025
  • Due to inventory shortages, most dealerships have already sold 4 to 5 months in advance with an average of only $1M of inventory on hand

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