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.
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.
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.
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.