U.S. car dealers have over 1.9 million cars on their lots, or a 53-day supply. That is up 75% from just a year ago. So it looks like the supply chain and computer chip problem has been solved. The cars that sit on the lot the longest are the EV's at 103 days, followed by full-sized cars at 99 days.
Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!
Look for falling prices as dealers work to keep their lots moving which will further ease inflation. Thanks Biden!
New Car Market: Prices Are About To Plummet — Is Now the Right Time To Buy?
The U.S. car market has shifted into lower gear in only a matter of months. After average car prices hit record highs as recently as last summer, some analysts now predict that an oversupply of...
finance.yahoo.com
Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots
Electric vehicles are leading the way when it comes to sitting unsold on dealer lots.
jalopnik.com