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New car smell that buyers savor most will be alcohol-based disinfectant
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Right now the auto industry is reeling. But the outlook for sales isn't entirely bleak. Judging by the number of motor vehicles being stolen in New York City right now, cars have become no less desirable during a lockdown.
Burglary rates aren’t a reliable economic indicator, but they’re far from the only sign that car demand could prove more resilient than might appear from recent record sales declines.
If unemployment doesn’t surge even higher – a big if – car sales might recover faster than other discretionary purchases, especially if dealerships put in place the right financial incentives and rigorous hygiene measures to reassure customers.
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COVID-19
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