Auto dealers retail trends report
02 October 2019
Like the Australian industry, Canada’s automotive retail market has experienced significant change and uncertainty over the last few years. New trade agreements, fluctuating sales and technological advancements have all made an impact on the industry.
While autonomous cars, electric vehicles, telematics and other in-care technologies are making headlines, they have a long road to travel to mainstream adoption. It is consumer perceptions of vehicle safety, affordability and privacy that will determine the pace of industry change.
Dealer owners and principals need to focus on adapting their core business to the changing market in order to remain competitive.
To assist with this process, the BDO Canada Automotive Outlook 2019 highlights the most important areas for business growth and stability, which are universal:
- Dealership structure and operations
- Customer relationships
- Legacy and succession planning.
The report outlines the key issues that are affecting dealerships now and into the future, and provides actionable strategies to accelerate your business.