Episode 7: When The Chips Are Down: Rising New Vehicle Inventories for 2023
Some promising numbers came out in January regarding rising new car inventories. Total U.S. supply of unsold new vehicles was at 1.80 million units at the end of December 2022. This was 715,000 units higher than at the end of December 2021. In this episode, we take a look at why this disruption in the supply chain happened and why it is taking so long to correct. I talk with Jeff Robinson at Allen Samuels Chrysler Dodge Jeep Ram Hyundai who has been in the auto industry since 1978 for some insights.