Urban Science: U.S. auto dealership count, throughput dip slightly while EV, non-retail sales rise
According to the Urban Science FAR, a record-high 97% of core-based statistical areas (CBSAs) in the U.S. had virtually no net change (+/- one store) in dealerships.
- According to the Urban Science FAR, a record-high 97% of core-based statistical areas (CBSAs) in the U.S. had virtually no net change (+/- one store) in dealerships.
- In an environment with a stable dealership count, throughput is driven primarily by sales volume; considering a sales forecast of 15 million unit sales in 2023, Urban Science projects throughput will rise to around 818 units per store this year barring any unforeseen circumstances.
- Non-retail sales rose by 12% year over year; this increase was primarily driven by fleet sales.
- The share of EV sales also increased from 5% of all U.S. new-vehicle sales in 2021 to 7% in 2022 – a 40% increase year over year.