No More Cars
This is not good.
In 2021, car prices skyrocketed and their were fewer choices than ever before.
Now it’s beginning to look like 2022 is going to get much worse.
According to Fox, U.S. New car dealerships currently have a record-low inventory and what’s worse is many customers are having to wait an astounding six to nine months to get their new cars.
Lexus of Route 10 owner Tomas Maoli confessed, “They have no choice. They have to wait. Most of the cars that we sell are not even delivered to the dealership yet.“
Currently new car prices are up an astounding 20% compared to the previous year as well.
“They’re paying anywhere from 5 to $10,000 over MSRP because they need a vehicle,” Maoli stated. “It’s part of their lifestyle, right? And they need it, and so they’re paying for it.”
Many new car dealerships also only have one-third of their normal amount of cars.