Part 9: Updated “Automotive Insights We’ve Discovered During Covid-19 Economy” – Consumer Close Rate % Returns to Near Normal Levels

Our data scientists continue to monitor online car shopping trends and patterns. Through the Detroit Trading ClearPath™ Enterprise Platform, we’ve analyzed hundreds of millions of data points nationwide to help you better understand the state of car buying in the COVID-19 economy. This article will show you how the following three key metrics we reported two weeks ago continue to …

Part 8: Online Car Shopping and Buying Activity is Increasing in these Hardest Hit States

The beginning of May has brought good news in the battle against COVID-19. COVID-19 infection and death rates are decreasing in many of the hardest hit states as “shelter-in-place” orders limit movement and gatherings where COVID-19 can spread. In light of these positive results and flattening COVID-19 infection curves, states are beginning to take the careful steps necessary to re-open their economies …

Part 7: Updated “Automotive Insights We’ve Discovered During COVID-19 Economy” – Consumer Buying Activity Increasing

Our data scientists continue to monitor online car shopping trends and patterns. Through the Detroit Trading ClearPath™ Enterprise Platform, we’ve analyzed hundreds of millions of data points nationwide to help you better understand the state of car buying in the COVID-19 economy. This article will show you how the following three key metrics we reported two weeks ago continue to …

Part 6: Who is Shopping for Cars Online in the COVID-19 Economy?

This week, our data scientists dug into our ClearPath™ Enterprise Technology historical data to give us an idea of who is car shopping in the COVID-19 economy. The results are noteworthy and demonstrate that there is a major shift in the demographics of who is shopping online, and it is good news for OEMs and dealers. Background: over the past decade …

Part 3: Updated “Automotive Insights We’ve Discovered During Covid-19 Economy” – Not All Bad News

Since our original publication our team of data scientists have continued to monitor the trends. Through the Detroit Trading ClearPath™ Enterprise Platform, we’ve analyzed hundreds of millions of data points nationwide to produce this analysis. This article will show you how the following 3 key metrics we reported two weeks ago have progressed:  As in our original article, we’ve graphed …

Part 1: Automotive Insights We’ve Discovered During The Covid-19 Economy

Our team of data scientists have been monitoring the impact that the Covid-19 pandemic has had on automotive retail over the past few months. Here are three insights we thought you would find interesting: 1. Consumer Hand-Raiser Activity, 2. Dealer Marketing Efforts, and 3. Consumer Purchase Rates. We’ve graphed daily activity of these three metrics against seasonally adjusted, historic activity …