Shopping For A New Car? 2021s Are Scarce; So Are Big Bargains On The 2020s [Forbes]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Forbes
A car dealership in Freeport, N.Y.Getty ImagesHere’s another way 2020 is the pits: 2021 cars and trucks, which ought to be fairly plentiful by now, are hardly to be seen.According toCox Automotive“We just don’t have the new product out there,” said Charlie Chesbrough, senior economist for Cox Automotive, in a webinar.That’s not just a cosmetic change. It’s also part of aseller’s marketBut this year, the old models are in short supply, and the new models are even shorter supply, when they can be had at all.Anecdotally, analysts say dealerships are selling popular models right off the car-carrier delivery trucks. Naturally, dealerships are taking advantage and charginghigher pricesRecommended For YouChesbrough explained that when the COVID-19 pandemic shut down auto factories in March and April, U.S. new-vehicle supplies fell by more than 3 million cars and trucks. “We’ve got a lot of ground to make up,” he said. At the same time, when dealerships reopened in many states, U.S. auto sale
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