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Monday, 20 April 2020 19:23

6 Other Auto-Service Segments Also Hurting from COVID-19

Written by Auto Remarketing staff

Index

Recent Auto Remarketing reports chronicled the swift declines in wholesale activities at auctions and the softening of vehicle retail sales at dealerships.

The data science team at Womply, a software and API company serving small businesses and app developers, looked to quantify the impact of COVID-19 on segments of the automotive industry that might be used by auctions, dealerships and related service providers.

 

Womply dissected daily data analysis of transaction trends year-over-year at 400,000 local businesses across the country, including 30,000 auto services operations.

 

Womply discovered these auto services businesses are sustaining significant decreases. Here are the firm’s year-over-year comparisons as of April 16:

 

Auto parts and supply shops

 

  • Weekly revenue at local auto parts and supply businesses is down 32% year-over-year.
  • Last week was their worst revenue week of 2020.
  • 9% have stopped transacting entirely.

 

Auto repair and maintenance

 

  • Weekly revenue at local auto repair and maintenance businesses is down 41% year-over-year.
  • Last week was their worst revenue week of 2020.
  • 8% have stopped transacting entirely.

 

Auto wash and detail

 

  • Weekly revenue at local auto wash and detail businesses is down 48% year-over-year.
  • The week of March 16 was their worst revenue week of 2020, when weekly revenue was down 53% year-over-year.
  • 12% have stopped transacting entirely.

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