Joey Huang, owner of the Great Lakes Auto Group, said dealers are often selling the inventory that will come in later, rather than vehicles they have on their lots.
Sales are down 17% compared to the same point in 2019, before the COVID-19 pandemic. Sales are lagging 7% behind 2020, and down 25% from 2021, which saw a boom in sales for part of the year.Louis Vitantonio, president of the Automobile Dealers’ Association, said the problem continues to be a lack of supply to meet buyers’ demand.
Joey Huang, owner of the Great Lakes Auto Group, said dealers are seeing shortages across brands, whether it a domestic like Ford or Chevy or a foreign brand like Toyota or Subaru.“At the beginning of this, all it was blamed on chips,” Huang said. “But today we are seeing problems on all different kinds of parts.”
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