Lower inventory, new strategies: Dealers adapt post-COVID

New-vehicle inventory reached a record-low 29 days’ supply in June

New-vehicle supply has yet to rebound to levels seen before the COVID-19 pandemic halted production for months, forcing automakers, dealers and lenders to adapt to a landscape marked by fewer cars on dealership lots and a shift in how consumers purchase vehicles. Pandemic-related manufacturing plant closures and the ongoing chip shortage have continued to plague […]

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