Dealer Profits Grow As Demand Outpaces Supply Because Of Chip Shortage carscoops.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carscoops.com Daily Mail and Mail on Sunday newspapers.
Auto Dealer s Record Profit Results From World Chip Shortage, Fewer New Cars Available For Sale, Fewer Choices For Buyers
Editor s Note: Cool your heels and put off buying that new car. Don t settle for one that doesn t quite meet your needs and desires.chips will be become available and cars will once again be in full supply.
DETROIT - April 27, 2021: Ankit Ajmera and Ben Klayman writing for Reuters reported that auto dealer Mike Bowsher shakes his head in wonder when he hears yet another customer at one of his Buick-GMC dealerships near Atlanta has agreed to pay full sticker price of more than $71,000 for a top-of-the-line GMC Yukon XL Denali SUV that is still being assembled at a General Motors (GM.N) factory.
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(Reuters) - Mike Bowsher shakes his head in wonder when he hears yet another customer at one of his Buick-GMC dealerships near Atlanta has agreed to pay full sticker price of more than $71,000 for a top-of-the-line GMC Yukon XL Denali SUV that is still being assembled at a General Motors factory.
FILE PHOTO: FILE PHOTO: Vehicles for sale are pictured on the lot at AutoNation Toyota dealership in Cerritos, California December 9, 2015. REUTERS/Mario Anzuoni
Customers know what Bowsher has arriving by scanning the online inventories of his six stores in the region, and they are often willing to wait more than a week and pay full price to get their desired vehicle.
Auto dealers post huge profits as chip shortage affects production autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.
Chip shortages are cramping car dealers, and consumers are paying the price
By Hiawatha Bray Globe Staff,Updated April 21, 2021, 1 hour ago
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Robert George, sales representative, Shahid Qureshi, sales manager, and Walter Aguilar, sales and leasing professional, at Prime Toyota-Route 2 in Lancaster. The lot is usually full of cars, but a shortage of microprocessor chips has delayed vehicle deliveries.David L. Ryan/Globe Staff
Steve Duplessie knew just what he wanted in a new car: a Lincoln Navigator with all the trimmings. The hard part was finding one, due to a global shortage of microprocessor chips that has slashed auto production worldwide.