Supply Chain Crisis Has New Car Buyers Turning to Backup Options [The New York Times]
IHS Markit Ltd. Common Shares (INFO)
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Source: The New York Times
Skip to contentSkip to site indexBusinessToday’s Paper|With Car Lots Sparse, Shoppers Drive Home in Their Second Choice, or Third …https://www.nytimes.com//10/14/business/car-shortage-shopping.htmlmentContinue reading the main storySupported byWheelsAmid a shortage of new cars, many buyers have been forced to kick the tires of overlooked models and brands.Bill Korum’s Nissan dealership in Washington State. “Sales are growing,” he said. “We could sell a lot more if we could get them.”Credit...Chona Kasinger for The New York TimesByTom VoelkOct. 14, ,8:53 a.m. ETThe most desirable new vehicles are selling before they even hit dealerships. Used-car prices are through the sunroof. And automakers worldwide are idling plants and cutting capacity as they wait for moredesperately needed chipsInstead of the more typical dealer discounts, markups are spreading to new cars, and for hot models like the Chevrolet Tahoe, $10,000 would not be out of the question. Shoppers, confronting a market that
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