{"id":47240,"date":"2020-08-03T04:00:50","date_gmt":"2020-08-03T04:00:50","guid":{"rendered":"https:\/\/www.revolutionparts.com\/?p=47240"},"modified":"2020-10-14T17:18:42","modified_gmt":"2020-10-14T17:18:42","slug":"auto-trends-due-to-covid","status":"publish","type":"post","link":"https:\/\/www.revolutionparts.com\/blog\/auto-trends-due-to-covid\/","title":{"rendered":"Auto Industry Trends Caused by COVID-19"},"content":{"rendered":"

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The COVID-19 pandemic<\/strong> has caused a major shift in the automotive industry. Vehicle sales and service requests took a drop the last three months, while parts sales have soared above the seasonal lifts.\u00a0<\/span><\/p>\n

[\/et_pb_text][et_pb_image src=”https:\/\/www.revolutionparts.com\/wp-content\/uploads\/2020\/07\/Screen-Shot-2020-07-31-at-2.54.40-PM.png?_t=1596232508″ title_text=”Screen Shot 2020-07-31 at 2.54.40 PM” url=”https:\/\/hedgescompany.com\/blog\/2020\/05\/auto-parts-chains-staging-a-retail-comeback\/” align=”center” _builder_version=”4.4.9″ width=”70%” max_width=”70%” module_alignment=”center” custom_margin=”||40px|||” border_radii=”on|5px|5px|5px|5px” border_width_all=”2px” border_color_all=”#db3126″][\/et_pb_image][et_pb_text _builder_version=”4.4.9″ text_font=”||||||||” text_font_size=”18px” text_line_height=”1.5em” custom_margin=”23px|||||” custom_padding=”||0px|||”]<\/p>\n

We\u2019ll be taking a look at just how much the automotive industry took a hit in their go-to revenue streams, and how record online part and accessory sales have been the only upside for some dealers during this whole pandemic.<\/span><\/p>\n

<\/b><\/p>\n

Car Sales<\/b><\/h4>\n

Dealerships saw the full impact of the coronavirus shutdowns in the second quarter. Between March 2nd and May 3rd, <\/span>the automotive industry<\/span><\/a> saw a drop of <\/span>1.5 million in new and used car sales<\/b>. That equals a loss of <\/span>$41 billion in revenue <\/b>and <\/span>$2.6 billion in profit for dealers.<\/b><\/p>\n

For those that were in the industry during the last recession, it might feel like Groundhog Day. <\/span>Edmunds estimates<\/span><\/a> that sales fell 34.3% through the quarter. Big players like GM saw a 34% decline and FCA got hit with a 39% decrease in US sales.<\/span><\/p>\n

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The Effects of COVID-19 on Car Sales<\/strong><\/h2>\n

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DECREASE IN VEHICLE SALES<\/span><\/p>\n

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1.5 MILLION UNITS<\/b><\/h2>\n

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DECREASE IN VEHICLE REVENUE<\/span><\/p>\n

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$41
BILLION<\/strong><\/h2>\n

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DECREASE IN DEALER PROFIT<\/span><\/p>\n

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$2.6
BILLION<\/strong><\/h2>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.22.3″ custom_margin=”-19px|||||” custom_padding=”51px|||||”][et_pb_row _builder_version=”3.25″ custom_margin=”-14px|auto||auto||” custom_padding=”14px||31px|||”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.4.9″ text_font=”||||||||” text_font_size=”18px” text_line_height=”1.5em” custom_margin=”-1px||” custom_padding=”||0px|||”]<\/p>\n

Collision Repair and Maintenance\u00a0<\/b><\/h4>\n

As the pandemic spread, dealerships realized just how real things were about to get. Typically recession-proof, the service departments at the dealerships took a hard hit when people began fearing the virus.\u00a0<\/span><\/p>\n

Collisions dropped and consumers were prioritizing essential repair work over regular maintenance. Service requests fell 56% in March, 35% in April, and 27% in May <\/span>compared to the previous year<\/span><\/a>. Social distancing guidelines might have put a wrench in things for brick and mortar auto parts and tire shops, but this is great news for online part stores!<\/span><\/p>\n

<\/b><\/p>\n

Parts and Accessories Sales<\/b><\/h4>\n

The automotive aftermarket is historically recession-resistant. Customers might not be purchasing cars, but they\u2019re doing what they can to keep the cars they have running. Turns out that garages and driveways are great places for DIYers (or those willing to watch a YouTube video and learn) to social distance.\u00a0<\/span><\/p>\n

Online dealers saw a drop in part and accessory sales that seemed to fall below standard trends as states created mandatory lockdowns and businesses shut their doors. But, the minute stimulus checks kicked in, sales picked up and have continued to soar above what we normally expect. We\u2019ve seen an average <\/span>increase of 50% in daily sales<\/b> since May<\/b>.<\/span><\/p>\n

[\/et_pb_text][et_pb_image src=”https:\/\/www.revolutionparts.com\/wp-content\/uploads\/2020\/07\/Screen-Shot-2020-07-31-at-1.32.00-PM.png?_t=1596233267″ alt=”AVERAGE DAILY SALES” title_text=”Screen Shot 2020-07-31 at 1.32.00 PM” url=”https:\/\/www.revolutionparts.com\/covid-parts-trends” align=”center” _builder_version=”4.4.9″ width=”70%” max_width=”70%” custom_margin=”53px|||||” border_radii=”on|5px|5px|5px|5px” border_width_all=”2px” border_color_all=”#db3126″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_4,3_4″ _builder_version=”4.4.9″ width=”100%” custom_margin=”30px|auto||auto|false|false” custom_padding=”32px||||false|false”][et_pb_column type=”1_4″ _builder_version=”3.29.2″][et_pb_image src=”https:\/\/www.revolutionparts.com\/wp-content\/uploads\/2020\/07\/52384885-0-Cover-Trends.png?_t=1596232496″ title_text=”52384885-0-Cover-Trends” url=”https:\/\/www.revolutionparts.com\/covid-parts-trends” align=”center” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” disabled_on=”on|on|off” _builder_version=”4.4.9″ width=”70%” max_width=”70%” max_width_tablet=”” max_width_phone=”50%” max_width_last_edited=”on|desktop” module_alignment=”left” custom_margin=”||||false|false” custom_margin_tablet=”” custom_margin_phone=”-22px||3px” custom_margin_last_edited=”on|desktop” border_width_all=”2px” border_color_all=”#db3126″ box_shadow_style=”preset3″ box_shadow_vertical=”10px” box_shadow_blur=”11px” box_shadow_spread=”-10px”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.4.9″][et_pb_text _builder_version=”4.4.9″ text_font=”||||||||” text_font_size=”21px” text_line_height=”1.5em” header_font=”||||||||” header_2_font=”|600|||||||” header_2_text_align=”left” header_2_text_color=”#db3126″ header_2_font_size=”30px” header_3_font_size=”21px” header_3_line_height=”1.5em” width=”100%” max_width=”100%” custom_margin=”3px|||-70px|false|false” custom_margin_tablet=”|||0px|false|false” custom_margin_phone=”” custom_margin_last_edited=”on|desktop” header_2_font_size_tablet=”” header_2_font_size_phone=”33px” header_2_font_size_last_edited=”on|desktop”]<\/p>\n

Due to the global COVID-19 pandemic, the automotive industry is facing new challenges in vehicle sales, fixed operations, customer behavior, and economic outlook. We\u2019ve put together a graphic that lays out the automotive trends created by coronavirus. Consider these insights as you adapt your auto business to the changing landscape.<\/span><\/p>\n

[\/et_pb_text][et_pb_button button_url=”https:\/\/www.revolutionparts.com\/covid-parts-trends” button_text=”DOWNLOAD THIS INFOGRAPHIC” button_alignment=”left” _builder_version=”4.4.9″ background_layout=”dark” custom_margin=”30px||21px|-70px|false|false” custom_margin_tablet=”|||0px|false|false” custom_margin_phone=”” custom_margin_last_edited=”on|tablet”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”off|off|off” admin_label=”section” _builder_version=”3.22″ custom_padding=”4px|0px|44px|0px|false|false”][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”22.9062px|0px|0|0px|false|false” use_custom_width=”on” custom_width_px=”1200px”][et_pb_column type=”4_4″ _builder_version=”3.25″ background_position=”top_left” custom_padding=”|||” custom_padding__hover=”|||”][et_pb_divider divider_weight=”5px” disabled_on=”off|off|off” _builder_version=”3.23.4″ height=”60px” hide_on_mobile=”on”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”5px|0px|22.9062px|0px|false|false”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”||||||||” text_line_height=”1.3em” header_font=”||||||||” header_2_font=”||||||||” header_2_line_height=”1.7em” custom_margin=”0px|0px|0px|0px” header_2_font_size_tablet=”” header_2_font_size_phone=”22px” header_2_font_size_last_edited=”on|phone” border_style=”solid”]<\/p>\n

Stay Up-To-Date on Industry Topics<\/h2>\n

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Fixed Ops trends, tips for growing online profits, and more<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ use_custom_gutter=”on” gutter_width=”2″ _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”30px|0px|0px|0px” custom_width_px=”1599px”][et_pb_column type=”1_3″ _builder_version=”3.25″ use_background_color_gradient=”on” background_color_gradient_start=”#f2f2f2″ background_color_gradient_end=”#ffffff” background_color_gradient_end_position=”85%” background_position=”top_left” custom_padding=”|0px|10px|0px” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.revolutionparts.com\/wp-content\/uploads\/2017\/06\/HowToProtect-Resourcer.jpg?_t=1589840610″ title_text=”HowToProtect-Resourcer” url=”https:\/\/www.revolutionparts.com\/ebook\/protect-fixed-ops-revenue\/” url_new_window=”on” show_bottom_space=”off” align=”center” force_fullwidth=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.4.6″ border_width_all=”2px” border_style=”solid” animation=”off” sticky=”on”][\/et_pb_image][et_pb_text _builder_version=”3.27.4″ text_font=”Open Sans||on||” text_text_color=”#5b666d” text_font_size=”16″ text_line_height=”1.2em” custom_margin=”24px|20px|15px|20px” custom_css_main_element=”font-weight: 400;” border_style=”solid”]<\/p>\n

eBook<\/i><\/span><\/span><\/p>\n

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How to Protect Your Fixed Ops Revenue<\/a><\/p>\n

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Read More<\/i><\/span><\/a><\/p>\n

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eBook<\/i><\/span><\/span><\/p>\n

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2020 Fixed Ops Revenue Trends<\/a><\/p>\n

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Read More<\/i><\/span><\/a><\/p>\n

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Blog<\/i><\/span><\/span><\/p>\n

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How To Add Revenue To Your Dealership During a Lockdown<\/a><\/p>\n

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Read More<\/i><\/span><\/a><\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” custom_padding_last_edited=”on|phone” admin_label=”Large Demo” _builder_version=”3.22″ background_color=”#f2f2f2″ use_background_color_gradient=”on” background_color_gradient_start=”#ffffff” background_color_gradient_end=”#f2f2f2″ background_color_gradient_start_position=”20%” inner_max_width=”1651px” custom_margin=”35px||” custom_margin_tablet=”” custom_margin_phone=”|||” custom_margin_last_edited=”on|phone” custom_padding_tablet=”125px|||” custom_padding_phone=”0||||false|false” border_width_bottom=”5px” border_color_bottom=”#db3126″ use_custom_width=”on” custom_width_px=”1651px”][et_pb_column type=”1_2″ _builder_version=”3.25″ custom_padding=”|||” parallax__hover=”off” parallax_method__hover=”on” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.revolutionparts.com\/wp-content\/uploads\/2018\/05\/LargeDemo-Image.png” url=”\/demo_request” show_bottom_space=”off” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”3.23″ module_alignment=”center” custom_margin=”-68px|-120px|-30px|-30px” custom_margin_tablet=”” custom_margin_phone=”0px|0px|-27px|0px” custom_margin_last_edited=”on|tablet” custom_padding=”|||” custom_padding_tablet=”” custom_padding_phone=”30px||0px|” custom_padding_last_edited=”on|phone” animation_direction=”left”]<\/p>\n

 <\/p>\n

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Request a demo of THE #1 WAY FOR NEW CAR DEALERS TO SELL PARTS & Accessories ONLINE<\/h3>\n

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[\/et_pb_button][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row _builder_version=”3.25″][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_post_nav prev_text=”Previous Blog” next_text=”Next Blog” _builder_version=”3.19.1″][\/et_pb_post_nav][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

The COVID-19 pandemic has caused a major shift in the automotive industry. Vehicle sales and service requests took a drop the last three months, while parts sales have soared above the seasonal lifts.\u00a0We\u2019ll be taking a look at just how much the automotive industry took a hit in their go-to revenue streams, and how record […]<\/p>\n","protected":false},"author":1,"featured_media":53723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[61,21],"tags":[],"class_list":["post-47240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-industry-trends","category-blog"],"acf":[],"yoast_head":"\nAuto Industry Trends Caused by COVID-19 - RevolutionParts<\/title>\n<meta name=\"description\" content=\"We\u2019ve put together a graphic that lays out the automotive trends created by coronavirus so you can adapt your business to the changes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.revolutionparts.com\/blog\/auto-trends-due-to-covid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto Industry Trends Caused by COVID-19 - 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