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June 12, 2020 by Allan Janssen[FONT="][/FONT][h=1]Q1 retail sales figures tell the story of Covid-19[/h]
[FONT="]Retail sales at automotive parts, accessories, and tire stores fell 4.2% in the first quarter of 2020, according to DesRosiers Automotive Consultants.[/FONT]
[FONT="]The 10.4% drop in business in March was mitigated by positive sales numbers in January and February.[/FONT]
[FONT="]Overall, however, the impact of the Covid-19 pandemic was relatively mild on auto part sales, compared to the impact on the sale of new and used vehicles.[/FONT]
[FONT="]According to consultants at DesRosiers, used car dealerships took the biggest hit in Q1, with retail sales falling 11.5% thanks to a 33.9% decline in March.[/FONT]
[FONT="]Retail sales at new car dealers started strong in January and February with increases of 4.7% and 7.1%. March brought about a 35.0% decrease with total sales falling from $11.19 billion to $7.28, resulting in a first quarter decline of 10.4% for 2020.[/FONT]
[FONT="]Retail sales at gasoline stations fell 4.8% in the first quarter with a 23.3% March decrease wiping away increases in January and February.[/FONT]
[FONT="]Retail sales at automotive parts, accessories, and tire stores fell 4.2% in the first quarter of 2020, according to DesRosiers Automotive Consultants.[/FONT]
[FONT="]The 10.4% drop in business in March was mitigated by positive sales numbers in January and February.[/FONT]
[FONT="]Overall, however, the impact of the Covid-19 pandemic was relatively mild on auto part sales, compared to the impact on the sale of new and used vehicles.[/FONT]
[FONT="]According to consultants at DesRosiers, used car dealerships took the biggest hit in Q1, with retail sales falling 11.5% thanks to a 33.9% decline in March.[/FONT]
[FONT="]Retail sales at new car dealers started strong in January and February with increases of 4.7% and 7.1%. March brought about a 35.0% decrease with total sales falling from $11.19 billion to $7.28, resulting in a first quarter decline of 10.4% for 2020.[/FONT]
[FONT="]Retail sales at gasoline stations fell 4.8% in the first quarter with a 23.3% March decrease wiping away increases in January and February.[/FONT]
