Is The Great American New Car Dealership Dead? Things Are Looking Grim Out There
As the automotive industry goes, so does the larger economy,
The lockdowns of 2020 lead to crazy supply chain issues and understandable inventory shortages for car dealers for the 2021and 2022 model years.
But while nearly every other industry fully recovered soon afterwards, the car business appears to be still limping along and not looking good.
We toured several local dealerships, both foreign and domestic, and saw the same things at all of them. Scarce inventory, no hype, no foot traffic and far more used cars than new.
Is this just an extended slump, or a sign of things to come in the larger economy?
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