In the same week of 2019, 11% of cars in lots were in 2020; this year, 2% of the cars at the dealership date back to 2021.
Last spring, automakers delayed new product disclosures as uncertainty loomed; At the time, no one said when plants could resume production or how demand for new cars would be affected through a largely unprecedented recession. Now that an appearance of normality has returned to the automotive industry, the 2021 year style, cars are achieving lots of corridors, but much slower and later than last year.
In the same week of 2019, more than 11% of the stock of new vehicles in the corridor consisted of 2020 models; currently, only 2% of existing stock are 2021 models, according to research through Cox Automotive.
“They’re a little late. Administrative staff are taking time to make plans for style year renovations; factories have struggled to bring the chain of origin to the standard,” said Charlie Chesbrough, senior economist at Cox Automotive. car and driver. ” I think some of them are the brands themselves that just said, “Let’s not introduce new problems, let’s just check to resume production of our old vehicles. “
Chesbrough also noted that dealers find it more difficult to review last year’s new stocks from last year. Currently, 2. 3% of new cars sold as new are 2019, while last year only 1. 6% were from 2018.
In recent months, vehicle inventories have come to the fore at dealerships across the country, whether for new and used cars. Medium-sized pickup trucks such as the Toyota Tacoma and Chevrolet Colorado are the most in demand.
At the same time, order temporarily recovered used cars. This order has been aggravated through buyers at the market site of new vehicles who decide to buy a used vehicle because they cannot locate what they are for. “marketplaceplace is experiencing a dramatic recovery: used cars were hardly affected at the beginning of the pandemic, and are now practically coming out of the brokers’ lots,” Jessica Caldwell, Edmunds. com’s CEO, said in a note.
However, now that automakers have returned to near-complete production and revealed their lineups by 2021, the masses of racers are expected to soon be closer to general for 2021 styles. “Chesbrough said. ” I think we’ll see it as a continuous delay in the fall, compared to what’s general for this time of year. “