Signio deals relatively steady as Covid recovery continues

Confirmed financed deals of vehicles through the Signio platform are recovering to pre-Covid levels.

Financed sales averaged around 24 800 deals in 2019, of which 33% were classified as new and 67% as used. In 2020 this monthly average number dropped to 17 200, but by the end of 2022 had recovered to an average of 22 000 deals/month, 30% new and 70% used.

Average monthly sales volumes through Signio year-to-date July

Over the first seven months of 2023, average financed sales recorded through Signio amounted to 20 500 deals per month. This was 6% down on the January to July period in 2022, but 10% up on the same window in 2021.

Over the first seven months in 2023, the average number of dealers reporting new deals in a month through the Signio system was 640, which amounts to a 1.4% increase over 2022. However the average number of dealers reporting used deals through Signio was 0.6% lower than last year, at 1 206.

Monthly average dealers recording sales through Signio year-to-date July

In terms of the monthly average number of deals per dealership, July 2023 has produced an average of 8.9 new financed deals/dealership, and 12.0 used deals. New deals/dealership are down on July 2022 (10.2 deals), and used deals/dealership are also lower than what was recorded in July 2022 (12.9).

Average sales per dealer through Signio