New-vehicle supply to remain tight into 2025 amid production setbacks
Weekly days’ supply has fallen 53% YoY to 34 days nationally
Following several setbacks in production, new-vehicle inventory is unlikely to mirror 2019 levels until at least 2025. Coming into 2022, economists initially expected gradual growth in new-vehicle production throughout the year as demand stabilized. However, several recent events — the ongoing semiconductor chip shortage, the invasion of Ukraine, the Canadian trucker strike, continued COVID-19 cases […]
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