Wednesday, November 25

OMVIC

OMVIC Survey Reveals Auto Sales Industry Will Need Help to Recover – Canadian Auto World
Auto Dealers, auto retail sector, COVID-19, Industry News, Market News, OMVIC, Ontario’s Vehicle Sales Regulator, Remarketing News, survey

OMVIC Survey Reveals Auto Sales Industry Will Need Help to Recover – Canadian Auto World

As Ontario’s economy gradually eases into normalcy after months of disruption, it’s clear—as evidenced by the results of a recent survey by Ontario’s Vehicle Sales Regulator, OMVIC—the province’s auto retail sector has been significantly impacted and recovery will be a long process. In June, the Ontario Motor Vehicle Industry Council (OMVIC) developed and conducted a survey of dealers and salespeople—this was done in consultation with several industry stakeholders. The survey focused on the impact of COVID-19 on automotive retailers. Some 5,000 registrants responded and provided valuable insights into the outlook of the industry. “Vehicle sales across Canada fell 48 per cent in March compared to the same period last year, and dealerships in Ontario were not immune to the fallout from C...