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New Kelley Blue Book Report Indicates That Vehicle Buyers Are Exiting the Market newsweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweek.com Daily Mail and Mail on Sunday newspapers.
As Memorial Day weekend approaches, bringing along one of the most popular car-buying weekends of the year, shoppers face a difficult marketplace with low vehicle inventory supply and record high prices due to strong consumer demand. Yet despite the challenging market conditions, car shoppers remain undeterred as they continue to buy cars at a record pace. ....
Uncharted Territory: New Vehicle Bargain Hunters Will Find Limited Supply, High Prices This Memorial Day Weekend, Notes Kelley Blue Book Experts streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
DAMIEN O CARROLL The Toyota Hilux retains a slim lead overall, but the Ford Ranger had a good month in April, so is closing in on it. The vehicle shortage crisis is getting worse. Announcements are coming from multiple local distributors warning of long wait times for popular models, and it looks like there’s more to come. But, interestingly, it seems that people are coming to terms with the supply shortage. A new report from the U.S says that buyers are aware of the issues, and of the subsequent high prices. “Shoppers are expecting high prices and limited choices, and that’s exactly what they are finding,” said Vanessa Ton, a senior industry intelligence manager for analyst firm Kelley Blue Book in the US. ....
top dollar and waiting weeks or months to take delivery of their new vehicle due to stock shortages and delays caused by the global semiconductor crisis. A study by a US automotive industry analyst firm claims new-car buyers struggled with the long lead times at first, but are slowly getting used to paying full retail prices and dealing with limited vehicle supply. Industry insiders believe current stock shortages will last for the remainder of this year, and we may not see a return to sharp discounting until next year. In Australia, some customers have cancelled orders in frustration because they don’t want to wait months to take delivery of a new car, but the majority are now prepared to wait, say dealer sources. ....