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Are you wondering how the automotive industry will look once we get through the pandemic? Well, for starters, new car registrations have fallen by more than 75%, according to USA Today. That trend has held up globally as fewer people head to dealerships. Some of that is due to dealerships being forced to close, while another big factor is that people are saving money due to the uncertainty of when this pandemic will be over.
The automotive industry is taking a large hit and will have to make changes in the years to come to build consumer confidence. But what will those changes look like? No one knows for sure, but experts have come up with some scenarios that may be the way the industry is headed.
As we assess the future of automotive industry theories, we cannot help but think that things like political divisiveness, attention to cleanliness, data-sharing and more will dip into other business niches. Bottom line, expect a lot of change, even if a vaccine is found for this virus. People will be slow to trust again, and that could mean a more socially distant and health-conscious future for years to come.
About Shepards Automotive Center
David L. Shepard, Inc. was founded in 1978 by its namesake, David L. Shepard. Our commitment to providing exceptional automotive and marine repair service allowed us to grow immensely throughout the first decade. Shepards Automotive Center’s expanding, loyal customer base proved to be too much for our downtown waterfront space. We look forward to providing you with outstanding automotive and marine repair services.