FROM AUTOMOTIVE NEWS: 25-Day Supply Of Inventory a Record Low
Dealers started the month with an unprecedented 25-day supply, just 1.3 million units on hand. This represents a significant 10-day dip in available inventory from the month prior.
FROM THE WALL STREET JOURNAL: Selling Your Used Car? You Could Turn a Profit
The cost difference between buying a new or used vehicle right now is only around $80, but savvy consumers are opting instead to sell back their old units for thousands more than the original asking price.
FROM CAR AND DRIVER: Chip Shortage Is Now Affecting Actual New Car Sales Numbers
The number of new-vehicle retail listings has been on a steady decline since May, with the number of new listings this month at only 1.2 million. Analysts expect sales to remain below 2019 levels throughout the end of the year.
FROM BLOOMBERG: AutoNation CEO Says Industry Is Done With Bloated Output
According to the CEO, the pandemic has ushered in a new era of inventory production that avoids overstocking lots and promotes both dealership and automaker profitability.