The Globe and Mail recently dug into data from CarGurus’ latest Vehicle Availability Index & Insights report to understand what dealers can expect in the coming months. Their findings: low supply and high demand will combine to keep dealers’ lots empty and prices high for both new and used vehicles. CarGurus Director of Industry Insights & Analytics added that sales volume should recover faster than inventory levels in 2022, allowing dealers to find details shoppers are flexible on, so they can present different options. Read the full article below:
Chip shortage to keep car prices high, inventory low until 2022, analysts say