Auto industry experts predict tight supply, price increases in 2021

Supply will remain one of the greatest barriers to new-vehicle sales in the coming months, with inventory sitting 17% below last year’s levels, Charlie Chesbrough, senior economist for Cox Automotive, said Friday during a fourth-quarter presentation on the Manheim Used Vehicle Value Index. For the 2020 calendar year, new-vehicle sales are projected to reach 14.5 […]