Confirmed financed deals of vehicles through the Signio platform are showing signs of recovering to pre-Covid levels.
The monthly average of these financed sales in 2019 was around 24 800 deals, of which 33% were classified as new and 67% as used. In 2020 this number dropped to 17 200 as the pandemic and socio-economic restrictions took their toll, but rebounded to 21 200 confirmed deals a month in 2022 (30% new and 70% used).
The average number of dealers using Signio has also rebounded post-Covid, across both the new and used dealer space.
Average monthly sales volumes through Signio
Monthly average dealers recording sales through Signio
The average numbers of deals for each dealership per month has gradually increased over the past four years – from 8.4 financed used deals and 7.2 new deals per dealership at the beginning of 2019, to 12 and 9.4 deals respectively in January 2023.
These are encouraging signs that the network of Signio dealers and their sales are on the road to recovery.
Average sales per dealer through Signio
