8/25/2023 0 Comments Mag auto corp highland ny![]() If dealers continue to have minimal abilities, including remote sales, he said "a lot of our members are going to run out of money and they'll just have to close their operation."Ĭonsequently, the region in which these dealerships reside are impacted, including employment and property and sales taxes. 1 stats that came out, as 86% of the dealers responded, is that their sales are down around 81% prior to where it was before the virus," Schienberg said. Questions ranged from asking about business operations to if they've applied for Small Business Administration or Paycheck Protection Program loan. ![]() Schienberg said earlier this month, about 1,225 new car dealership members were given a survey. ![]() Recently, he was approved for the Paycheck Protection Program and planned to hire everyone back if they chose to accept. I think there is going to be a lot of car dealers who go out of business."īetween the three dealerships, he said he had a little over 50 employees, 25 of whom had to be laid off at the beginning of the COVID-19 pandemic. And the lending institutions who lend them the money to buy cars have pulled in reins completely. "Because in 25 years, I don't borrow money. "I think I'll be OK," Hoare said about the future of his business. He also owns MAG and co-owns a Ford dealership in Millerton. It is now called Wheels R Us, a wholesale used car dealership. He started work at a dealership on Route 376 in Poughkeepsie before buying it in 1995. Schienberg said after industry lobbying, the governor added sales to the list of essential services. Cuomo didn't include dealerships among the essential businesses, although service and parts departments stayed open. "Virtual purchases are all done electronically." Revving up again "We have on our website, 'Shop, Click, Drive'," said John LaSorsa, owner of LaSorsa Chevrolet in New Rochelle. We are all about financing … we are also known by word of mouth a lot.”īut while Hoare stresses community involvement, the industry is ironically moving away from face-to-face needs. It has to do with the fact that we are well-known in the community. “I think we are fortunate,” Hoare said of his current financial situation, noting sales at his MAG Auto Corp, which consists of used car dealerships in Poughkeepsie and Highland, is down just 50% during the pandemic, “which, to me, is good in comparison to what most dealers are doing. Stephen Hoare, who owns four dealerships around the mid-Hudson Valley, said it’s important for dealers to have an online presence and advertise cars as cheap as possible.Īnd, he said, dealers who have a footprint in the community will have an edge as the competition for business intensifies. And the dealership will deliver the car to the buyer, if necessary. Sales representatives are available by phone to discuss details. Consumers can check out cars via their digital devices, even clicking on files to complete the purchases, though paperwork still needs to be signed at a sanitized location. What's become the reality is the remote experience of car shopping. "The way that the dealership prepares and works with the customer has changed and we have to adapt to the times to remain successful," said Mark Schienberg, president of the Greater New York Automobile Dealers Association.Ĭoronavirus: Half of Dutchess businesses lose 75% revenue or more long recovery forecastĭrive-ins reopen: Warwick site welcomes moviegoers seeking respiteĪs the pandemic keeps customers out of showrooms, dealers are changing their showroom-based business models to entice buyers and lessees, while adhering to strict public health mandates. Some automakers are offering financing deals and deferred payments. Andrew Cuomo recently made sales an essential service. New York dealers said auto sales dropped in March and April, but could be recovering after Gov. The coronavirus has changed how people buy or lease their vehicles, prompting dealerships to change how they deal with customers and schedule repairs. ![]() The days of walking into a car dealership to check out the vehicles and haggle over prices are on hold - at least for the foreseeable future.įace-to-face give-and-takes with a salesperson over prices and accessories are happening, for the most part, over the phone or online. Watch Video: Poughkeepsie car dealer talks about buying a car amid COVID-19
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