LotLinx Weekly News Vol. 156: If you build it, demand will come…

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%.

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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.

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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. 

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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.

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