FROM REUTERS: U.S. Auto Dealers Are Winners as Chip Shortage Lifts Vehicle Profits
Gross profits per vehicle are skyrocketing due to leaner inventories and reduced ad spending, but some dealers are cautious about what revenue might look like if inventory levels continue to fall.
FROM AUTO REMARKETING: Volume Ticks Higher, but With Rougher Units
Wholesale values have risen for the 13th straight week, but the quality of vehicles passing through the auction floor continues to worsen and dealers are becoming more conservative about paying high reconditioning costs.
FROM FORBES: Auto Sales Should Double in April, Compared With a Low Point Last Year
April was the lowest new-vehicle sales month in 2020, but this month’s numbers are expected to have increased 97% year over year and 5.3% since 2019.
FROM CAR AND DRIVER: Here Are the Models That Are Being Affected by the Chip Shortage
Analysts predict there will be anywhere between 1.5 and 5 million fewer vehicles produced this year as automakers adapt manufacturing schedules to account for the lack of the essential part.