As people tracking stay-at-home requests, we're seeing an increase in searches. We want to provide you with regularly updated insights and trends specific to different verticals to help you understand the search trends and changes in consumer behavior that are happening right now. What Industry Email List is driving change in the automotive sector? Sources: COVID Insights: Autos Consumer Sentiment - New and Used Research and Insights COVID: Automotive Click Industry Email List Trends For many of us, the thought of our daily commute slowly fades into the distance as we continue to stay home during the mandatory shelter in place.
With most cars now sitting idle in their garage or driveway, we'll take a look under the hood to determine what's driving the biggest shifts in consumer Industry Email List search trends for the automotive sector. Since last year, the market has seen a decline in searches for Industry Email List new cars by 19% and used cars by 8%. That's not a huge surprise, as people are more apprehensive about buying big-ticket items during times of uncertainty. These consumption
Behaviors become Industry Email List even more pronounced when you Industry Email List look at those seeking luxury versus non-luxury vehicles. Those who can afford luxury cars probably aren't as worried about the financial troubles ahead, which Industry Email List is why we saw an 18% year-over-year increase in this sub-vertical per compared to a -29% year-over-year drop in searches for non-luxury vehicles. . year over year in searches for non-luxury vehicles. . year over year in searches for non-luxury vehicles. .