Cars
How the Coronavirus Will Change the Way We Buy Cars
Everything from test drives to sales pitches is likely to be transformed by the pandemic and the safety concerns stemming from it.
Car sales are inching forward.
Though new-vehicle sales are down 47% year-over-year, and rental, commercial, and government fleet purchases have fallen 70% over the same period, too, the auto industry has enjoyed small amount of good news. Average incentive spending reached $4,296 per vehicle in April, according to Cox Automotive, up 7% from March and up 26% year-over-year. Sales of classic cars are booming. Factories across Europe and the U.S. have begun to reopen.