have recently had to concede price increases due to critical parts and material shortages, there are a slew of more modestly priced models on the way. General Motors appears to be taking advantage of its Ultium one-for-all BEV architecture, for example, as company President Mark Reuss recently announced that astarting in “the low $30s” would arrive next year. Even well-equipped it should sticker somewhere under the current ATP for all models.
More significant for new-car shoppers, Cox Automotive says supplies of key models are coming up. In the pre-coronavirus days, 80-days’ supply was about optimal for high-volume models, and some full-size pickups, for example would often top 100 days’ supply.That’s pretty steady since January, though a full 30% over last year—this means dealers’ lots aren’t empty anymore.
New car dealers (from multiple manufactures) have seen another slow down in Mid-September in terms of new product being delivered to dealerships and vehicles that couldn’t be completed due to the supply of needed components and parts. We are a long way from ‘lots filling up.’
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