Source: Kelly Blue Book
Is the Car Shortage Starting to Ease?
Car dealers had more cars to sell in November than they did in October. The last time that could be said was in February. America’s car dealers ended October with 969,464 new vehicles in stock – up from 885,773 at the end of September.
So, is the new car shortage starting to end? Find out.
Average New Car Price Tops $45,000, Used Car Price Over $25,000
The transaction price of the average new vehicle, a measure of how much people actually pay, has been over $40,000 all this year and reached $45,031 in September. That’s an increase of $4,872 or 12.1% in the past year. Used-vehicle retail prices, too, are “insanely high,” averaging more than $25,000 retail since June, up more than $5,000 vs. a year ago. Will the high prices last? Find out.
Source: Car and Driver
New Cars Will Have Fewer Features Because of the Chip Shortage
When the chip supply tightened, some companies paused entire production lines for some vehicles, and decided to keep building others while removing some of the less-vital high-tech features that require chips. It kept production lines moving and people working. Here are a few of the vehicles and the features car buyers will be doing without.