After edging higher for a couple of months, available supply dipped by the end of August.
Total Used Vehicle Sales Dip Again YOY in August
Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
The profit index sets another record high, while the price pressure index increased modestly.
A recent quarterly report from Haig Partners shows that buy-sell activity among auto dealerships has exploded, leading to "empty lots and overstuffed wallets."
As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
The current low-supply, high-demand situation means finding and buying a new vehicle may be a challenge.
Automotive Fleet views itself as a facilitator to provide a platform for different voices from the industry to sound-off on today’s challenges. This regular column is designed to encourage discourse for fleet professionals to let their voices be heard to their peers and other industry professionals. Here is what is top of mind for North American fleet professionals on the issue of inventory constraints and vehicle availability.
The latest Cox sentiment index shows more signs of the overall market recovery from the depths of Q2 2020.
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