LotLinx Weekly News Vol. 185: Enough Inventory Tricks…Time for a Treat

FROM BLOOMBERG: Chip Lead Times Begin to Slow, Suggesting Shortages Have Peaked

Semiconductor lead times have seen their smallest increase yet this month. The average time between order and delivery is around 21.9 weeks – only a .2 increase from September, or about one day.

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FROM WARDSAUTO: Exec Says GM Won’t Return to High-Inventory Days

Although GM is currently forced to reserve available chips for fast-selling units, their post-shortage plan is to maintain lean lots and keep dealers’ inventories stocked with 30-60 days’ supplies.

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FROM CNBC: Americans Are Buying Teslas, Not EVs, but Experts Say That’s About to Change

As nearly every OEM rolls out an electric model, EV market share is expected to skyrocket from 4% to over 40% in the next 10 years. This increase should also knock Tesla from the top of the all-electric market.

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FROM CAR AND DRIVER: 20 Fastest-Selling New and Used Cars Right Now

Does your lot reflect the top-selling cars this season? See which new units are taking the average dealer less than 10 days to sell.

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