LotLinx Weekly News Vol. 169: The Inventory is Half the Battle

FROM BLOOMBERG: Carmakers Learn to Live With Chip Shortage: Auto Sales Update

Nearly 4.4 million new cars were sold in the U.S. last quarter, a 51% increase from Q2 2020. Most major automakers echo this increase with year over year jumps ranging from 30% to over 70%.

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FROM WARDSAUTO: Car Buying Frenzy Eases, but Auto Dealer Sales Remain Brisk

While profitability remains high, analysts warn of an uncertain summer. Dealers could find themselves stuck with an excess of high-cost inventory if the economy slows or inventory levels alter unexpectedly.

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FROM AUTO REMARKETING: Weekly Price Increases Finally Stop At 23 in a Row

Wholesale vehicle prices dipped 0.04% last week – a possibly minor change, but the first registered decrease since January of this year.

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FROM CAR AND DRIVER: Top 25 Best-Selling Cars, Trucks, and SUVs of 2021 (So Far)

Take a look at the models that caught consumers’ attention in the first half of the year despite weakened inventory levels.

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