FROM THE WALL STREET JOURNAL: Chip Shortage Is Bad For GM but Worse For Car Buyers
Days’ supply has dipped significantly since January, but analysts are looking on the bright side as dealers are holding unnaturally high margins on the inventory they do have.
FROM CBT NEWS: EV Production Continues to Ramp up…Is Consumer Demand Following Suit?
With pickup trucks making up 78% of March retail sales, dealers are hesitant to spend time and resources building consumer demand for future EV models.
FROM AUTO REMARKETING: Dealers Willing to Pay Even for Higher-Mileage Units
Low inventory has caused used vehicle values to rise for another straight week, including on higher-mileage units that wouldn’t normally be worth the price tag.
FROM WARDSAUTO: Customers Like Click-and-Brick Car Dealerships
There’s no question about the need for digital retailing tools, but dealers are still working to find the sweet spot between online and in-person sales models.