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Home » Consumers continue to delay purchases, shift to used market amid chip shortage

Consumers continue to delay purchases, shift to used market amid chip shortage

The average new-vehicle transaction price surpassed $43K in August

Amanda HarrisbyAmanda Harris
September 24, 2021
in Risk Management
Reading Time: 2 mins read
0
Consumers continue to delay purchases, shift to used market amid chip shortage

© Can Stock Photo / welcomia

Dealerships are facing new challenges as nearly half of all consumers looking to purchase a new vehicle postponed their purchases amid the semiconductor chip shortage, even as others continue to show a willingness to pay up to 13% above the MSRP for vehicles on the lot. The average new-vehicle transaction price hit a record of […]

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