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. So have dealerships, though they are reeling from the loss of 265,000 jobs, according to Cox Automotive.
Take Porsche Beverly Hills, where Sascha Glaeser works as director of customer experience and VIP sales. “We opened again on Friday, and customers are coming into the