LotLinx Weekly News Vol. 165: Do your inventory proud!

FROM CAR AND DRIVER: This Ford Dealer Normally Stocks 1500 Cars; Now They Have 30

Hundreds of freshly-produced vehicles sit across the country awaiting microchip installation while dealers struggle to scrape together inventory and consumers wait patiently for their preferred model.

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FROM AUTOMOTIVE NEWS: Despite Inventory Woes, Automakers Post Records as May Sales Soar

Monthly sales rose 37% year over year, with multiple automakers also surpassing their May 2019 sales volumes thanks to a continued increase in consumer demand.

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FROM REUTERS: U.S. Senate Passes Sweeping Bill to Address China Tech Threat

The newly approved legislation will allocate $54 billion to increase semiconductor research and production and set aside an additional $2 billion specifically for automakers.

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FROM WARDSAUTO: Most Car Dealers Say Digital Retailing Vital to Their Survival

70% of today’s consumers are interested in completing their entire new vehicle purchase online. Proactive dealers are more than willing to accommodate this change in order to save everyone more time on a sale.

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