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New Vehicle Inventory Continues to Dwindle in March, According to Edmunds Analysts say new and used car prices are on the rise as chipset shortages squeeze vehicle supply News provided by Share this article Share this article SANTA MONICA, Calif., April 1, 2021 /PRNewswire/  Consumers in the market for a new vehicle will likely have a harder time finding what they want at an affordable price right now due to severe supply shortages affecting the automotive industry. According to the car shopping experts at Edmunds, new vehicle inventory on sale at dealerships nationwide is down by 36% in March 2021 compared to a year ago, and prices are rising for both new and used vehicles as a result. Edmunds analysts forecast that the average transaction price (ATP) for new vehicles will climb to $40,563 in March compared to $38,601 a year ago; the ATP for used vehicles is expected to hit $22,663 compared to $20,273 last year.

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