Automakers worldwide produced about 8 million fewer vehicles than planned in 2021, due to product shortages. Even if production rebounds, dealers won’t be able to build back inventories until well into 2022. As a result, buyers should expect limited choices – while prices will continue rising at a record rate,
When America went into lockdown, the industry discovered a novel idea. Since customers couldn’t come to dealers, dealers came to them – over the internet. More and more customers are shopping for their cars online, and many retailers schedule test drives and then deliver new vehicles to a buyer’s home or office.
EVs start their move into pole position. They account for a modest fraction of U.S. new vehicle sales, but demand for battery-electric vehicles doubled during just the first half of 2021. Several factors will play a role, starting with a plethora of new offerings: Analysts anticipate the number of long-range models will quadruple this year.
Read the article at NBC News.
