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Colorado new vehicle registrations surge in first half amid shortages

Colorado new vehicle registrations surge in first half amid shortages
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Dealers association: Auto sales grow despite vehicle inventory shortages – BizWest

Dealers association: Auto sales grow despite vehicle inventory shortages – BizWest
bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.

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Ford considering shipping incomplete F-150s, having dealerships install components

Ford considering shipping incomplete F-150s, having dealerships install components KMGH and last updated 2021-07-20 19:43:58-04 DENVER Ford Motor Company may have found a way to get dealerships fully stocked on F-150s again and into drivers hands. Tim Jackson, CEO of the Colorado Automobile Dealers Association, says Ford has been in touch with dealerships around the country on a new approach to handling the chip shortage. The automaker is considering shipping incomplete F-150s to dealership lots and having staff there install the missing components when they become available. Anything that ll get the vehicles to us and to our customers ultimately more quickly excites us, Kevin Shaughnessy, vice president of operations for Phil Long Dealerships, said Tuesday.

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Why are used cars are so expensive right now?

A domino effect The owner of Auto Warehouse Inc., John Lindberg, said overall business has been good, despite the pandemic. However, he acknowledged that they have fewer cars in their lots than usual, and it s been difficult to fill the lots.  It s not impossible, but it s challenging, he said. We ve unfortunately, we pay more for cars and thus the consumer has to pay more for a car nowadays. I mean. COVID kind of put us in that situation and a situation that we can t avoid. It s a situation initially sparked by the pandemic, which led to supply chain issues due to a microchip shortage. 

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How to COVID pandemic has affected used car prices

A microchip shortage stemming from the COVID-19 pandemic has caused a domino effect at used car dealerships around Colorado, raising prices for those looking to buy. Dealers selling new cars have been struggling to keep up with demand as they continue to experience a lower than usual supply of cars in their lots. But that also is causing an impact on used car dealerships, with higher prices to sell. But that also means better trade-in values for.

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