#HINDSIGHT 2020 SERIES#

In addition, while VMT took a dip in the early stages of lockdown, American motorists are showing a strong preference for road trips over air travel for the foreseeable future.Īccording to September 2020 data from McKinsey & Co., COVID has brought a marked shift in preferred modes of transport in urban areas, moving from airplane and train to private vehicles for intercity traveling. Various reports have shown significant shifts in consumer behaviors, such as moving out of urban areas to more rural settings as full-time remote work became more commonplace, in addition to investing in new and used vehicles vs. In the short-run, Vehicle Miles Traveled (VMT) is off, but as lockdowns end and people return to offices, will things go back to the way they were before? Consumer Behavior – Long-Term Changes or Short-Term Trends? vehicle owners looking at whether COVID-19 may have any long-term effect on the desirability of auto ownership. In January, Babcox Media commissioned a consumer study from Qualtrics that surveyed U.S.

#HINDSIGHT 2020 SERIES#

In March 11, 2020, the World Health Organization officially declared COVID-19 as a global pandemic, sending the entire world into a series of rapid changes to the way we live and work.

Hindsight 2020