Saturday, December 07, 2024

Are US car dealerships sitting on a lot of unsold cars?

Bad news! If confirmed, no wonder in times of uncertainty about gas powered cars, price inflation, an incoming President Trump etc.

"... Before 2020, it was unusual for a new car to sit on a lot for more than 200 days. Now we're seeing cars not move for 500, 600, and even 700 days — thanks to a combination of car supplies returning to pre-COVID levels and rising prices. ..."

Looking to save big on a car? Dealerships have never been more desperate to sell​ | Blaze Media (caution: this article is more of a sales pitch than a news article) "An unprecedented glut in inventory has created the buyers' market to end all buyers' markets."

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