FROM AUTOMOTIVE NEWS: Inventories Recover a Bit as Demand Moderates
Sales are down 10% year over year, giving dealers some breathing room to build up inventories. Around 12,000 new units have entered the marketplace, bumping the average dealership supply to 31 days.
FROM FORTUNE: Chipmakers to Carmakers: Time to Get Out of the Semiconductor Stone Age
There could be more to solving the semiconductor shortage than simply increasing production. Many believe modernizing the chip technology is necessary to prevent a future slowdown.
FROM BLOOMBERG: U.S. Retail Sales Unexpectedly Jump in Sign of Resilient Demand
Retail purchases saw a 0.7% increase last month, but U.S. sales figures are impacted greatly by the automotive sector. Excluding weak auto sales, the country’s retail levels saw the largest gain in five months.
FROM KELLEY BLUE BOOK: The Future of Car Shopping: Fewer Dealerships, More Consolidation
Change is the only constant when it comes to dealership operations. Online sales, EVs, and leaner inventories are moving to the forefront of business, but how did we get here?