According to Peter DeLongchamps, vice president manufacturer relations at Group 1 Automotive, one indicator of pent-up demand is the fact that scrappage rates have exceeded new-vehicle sales in recent months.
Industry group, in general, as an indicator of business model, has the strongest influence on performance metrics used, with size and valuation premiums having little impact on metric selection.
But they can be matched with a general sort of animal, and thus act as an indicator of the fate of that group, even when there are no bones to tell the story.