In a survey of more than 100 auto dealers attending the 2013 NADA convention and expo this past weekend, Ally Financial discovered that those dealers have good feelings about this year’s auto sales.
Nearly 60% of those surveyed at the convention in Orlando, Fla., anticipate that their sales will grow 10% or more this year. More than 54% think 2013 sales will be boosted by buyer confidence, the amount of aging cars on the roads, promotions, and a slew of new models in showrooms. About half of the dealers surveyed found improvement in customer credit profiles, as well.
On the used-car side, 47% of the dealers Ally surveyed think that segment will be the most profitable in their dealerships this year. Lastly, 70% of survey-takers expect sales of F&I products to rise this year.
Ally Financial’s automotive services business offers financing products and services that includes new- and used-vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services.
Seen below is an infographic with some more information from the Ally survey’s findings.
