Cox:  Franchise Dealers Optimistic

By Staff Writer September 17, 2019

Dealer sentiment is higher among franchise dealers than independents, according to the Q3 2019 Cox Automotive Dealer Sentiment Index (CADSI).The index reading of 48 indicates that slightly more dealers feel that the current market is weak compared to the number who feel the current market is strong.

The report stated franchised dealers, for example, feel the current market is strong, with an index score of 56, a two-point increase from Q2. Independent dealers, on the other hand, feel the current market is weak, with an index score in Q3 of 46, a two-point decrease from Q2.

“Dealers are becoming less optimistic as they consider the future,” said Cox Automotive Chief Economist Jonathan Smoke. “We also continue to see a big difference in outlook by type of dealer, as sentiment consistently skews more positive for franchises compared to independents.”

Market conditions remained in the top spot as the most cited negative factor for both groups.

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Last modified on Monday, 23 September 2019 12:43

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