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Coronavirus expected to cripple US auto sales; companies push 0% financing, online buying | CNBC
Source: By Milan Suvajac - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=65263628

Coronavirus expected to cripple US auto sales; companies push 0% financing, online buying | CNBC

U.S. auto sales have taken a major hit by the coronavirus. Showrooms have had to close, Americans are being put out of work, and some dealerships and shops are not considered essential. Now companies are offering online buying options, deferred payments, and even 0% financing. Some dealers have reported a decline in sales by over 80% since the pandemic started and social distancing measures were put in place. J.D. Power has commented that they expect sales to drop by over 30% next month, as auto sales continue to decline. Some companies have begun a new online buying system, such as General Motors and their “Shop, Click, Drive” system.

Source: https://www.cnbc.com/2020/03/31/coronavirus-cripples-us-auto-sales

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