As peak season marches on, the automotive industry continues to struggle with pandemic headwinds. New car inventories are down significantly due to manufacturing slowdowns and parts shortages. Meanwhile, demand continues to surge, with the CarGurus index showing prices up about 27% year-over-year.
“If you’ve got a slightly used vehicle, you can probably trade it in for more than you paid for it right now,” ACERTUS CEO Trent Broberg said.
This ongoing imbalance between supply and demand is also...
https://www.freightwaves.com/news/flexibility-is-key-to-navigating-disrupted-auto-industry