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Old 10-25-2021, 08:55 AM
Larry P. Larry P. is offline
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Finance Guy; you are missing one huge point. The current low inventory levels of new vehicles are being caused by the global semiconductor shortage. I'm in the automotive supplier industry and all U.S. assembly plants are suffering from this shortage, the only plants running anywhere near normal levels are pick-up truck plants and high end SUV plants that produce the most profitable vehicles. Most plants that produce cars or lower end SUVs and Crossovers have been down most of the year; thus the shortage in new vehicles for sale. It's supply and demand at this point, demand is much higher than supply now and it will probably be that way into well into 2022.