CAR SALES LOOK STRONG, BUT COVID COULD KICK THE LEGS OUT OF ANY RECOVERY - AUTOLINE AFTER HOURS 531

EV Channels Review

This episode of Autoline After Hours, recorded on October 29, 2020, features Charlie Chesbrough of Cox Automotive discussing the volatile state of the automotive market amidst the COVID-19 pandemic. The panel and guest explore how state-level shutdowns significantly impacted sales, leading to unexpected regional variations. Despite initial fears, new vehicle sales showed surprising robustness, driven by strong retail demand and manufacturers' ability to manage inventory. However, concerns linger about the sustainability of this recovery due to the fading impact of stimulus measures and the looming threat of a second COVID-19 wave. Affordability remains a key issue, with rising vehicle prices and extended loan terms becoming the norm, pushing lower-income buyers towards the used market. The discussion also touches upon the future of ride-sharing services, the potential impact of electric vehicles, and the evolving landscape of classic car sales and electric conversions.