FROM CAR AND DRIVER: Car Buyers Flocked to Dealers in First Quarter After a Tough 2020
New-vehicle sales were up 8% in Q1 (only a 4.9% dip from 2019) with manufacturers like Volkswagen, Toyota, and Subaru growing by over 20%.
FROM WARDSAUTO: Inventory Shortages Keep Used-Vehicle Prices High
Used-vehicle prices are currently 15% higher than in 2019. This sign of buyer demand bodes well for both the new and used segments in the coming months.
FROM BLOOMBERG: Why Shortages of a $1 Chip Sparked Crisis in Global Economy
Chip manufacturers are nearly 15 weeks behind in production, and the effects of the shortage continue to escalate in a number of industries.Â
FROM AUTO REMARKETING: 4 Segments Generate Weekly Value Gains Above 2%
The increase in used retail prices is trickling over to the wholesale side, jumping 1.82% in just one week and further tightening dealer’s margins.