Friday, 15 May 2020 21:09

NIADA Survey: Independent Dealers Getting Back to Business


Rebuilding sales and customer traffic is by far the greatest challenge currently faced by independent dealers, cited by 38% of respondents. That’s twice as many as the second choice, access to inventory at 19%, which was followed by funding and access to capital at 17%.


The funding issue has been lessened for some dealers by government relief programs such as loans from the Small Business Administration’s Paycheck Protection Program.


The survey found 64% of dealers have received some sort of federal or state government funding. Of those who have not, 28% have applied and 4% have been approved. Another 8% said they were approved but told there was no money available.


To view the complete results of the NIADA COVID-19 Dealer Impact Survey, visit covid19.niada.com.


Source: NIADA

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