1 Min Read • July 22, 2024
The 2024 CDK Automotive Retail Industry Trend Report
From supply chain disruptions and volatile interest rates to staffing woes and inflation, 2023 was a year rife with perpetual heartburn for most of the automotive industry. CDK reached out to dealers for their take on the year that was while they were right in the thick of sales and service in 2024.
This year’s Automotive Retail Industry Trend Report (formerly known as the Trendsetter’s Guide to Automotive Retail) dives into interest rate drivers, Trendsetters’ response to challenges that surfaced in 2023, strategic impacts on dealer operations as well as how and what dealers are putting in place in 2024.
Some of the same challenges and fears persist for dealers who must decide if the status quo or thinking outside the traditional automotive box will boost their sales and operations.
There are also clear results when it comes to the financial and operational impact of the changes made and how equipped dealers are to tackle the challenges ahead.
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