U.S. car sales have dipped to levels not seen since the Great Recession as ongoing supply shortages hamper automotive production worldwide, strangling inventories while dealers attempt to salvage whatever revenue they can by increasing margins on the few vehicles they’re able to stock. Even a careful perusal of Q3 and […]
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Blame a global computer chip shortage that has crippled car production, pent-up demand caused by coronavirus pandemic restrictions, or simply a bustling economy. No matter the cause, one thing is for sure: new cars are in short supply. Cox Automotive found that some models are nearly nonexistent on dealer lots. […]