Urban Science: U.S. Auto Dealers Average Sales Per Store Declines While Retail Network Remains Stable
DETROIT, Feb. 13, 2018 /PRNewswire/ — Urban Science released statistics and insights today from its 2017 Automotive Franchise Activity Report (FAR), indicating continued stability in the number of automotive dealerships in the United States.
As of January 1, 2018, there were 18,213 dealerships (rooftops), a 0.2 percent increase from the January 1, 2017 total of 18,170. The number of franchises, or brands a dealership sells, also experienced a period of stability, slightly increasing from 32,012 on January 1, 2017 to 32,029 as of January 1, 2018.
“The sales throughput for 2017 was 947 per dealership. This throughput was down 18 units from 2016 levels,” said Mitchell Phillips, Urban Science’s Global Director of Data. “With the stable dealership count trend as we have seen for the past several years and an industry forecast that is slightly declining from 2017, we expect the sales throughput to decline in 2018.”
“Over the last seven years, the dealership network has set a new normal pattern of stability,” said Phillips. “The data shows that 97 percent of local markets had virtually no net change (+/- 1 dealership). That said, the most significant (net) dealership increases occurred in Texas, fifteen dealerships; Florida, eleven dealerships; Pennsylvania, ten dealerships; Mississippi, Missouri and New York, five dealerships each.”
About the Automotive Franchise Activity Report
Urban Science maintains a list of current new vehicle dealership and franchise information for all car and light truck brands in the United States. Compiled on a monthly basis, the census is the most reliable source of dealership statistics. The data comes from a variety of sources, including feeds from automotive manufacturers as well as phone and field verification. Urban Science has been collecting this information since 1990 and compiles an annual analysis for the previous year in its Automotive Franchise Activity Report.
About Urban Science
Founded in 1977, Urban Science is a global retail consulting firm that takes a scientific approach to help companies identify where they should allocate resources in order to increase their market share and profitability in the most effective and efficient manner. With headquarters in Detroit, Urban Science serves its global clientele from offices in the United States, Spain, UK, Germany, Italy, France, Australia, China, Mexico, Russia, Japan, India and Brazil. For more information on Urban Science, visit www.urbanscience.com.
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SOURCE Urban Science