Quote:
Originally Posted by Rochard
It gets worse too. A lot of new cars are sitting on lots waiting to be sold, much more than usual.
Have you noticed the change in the automobile industry? Some car dealerships are no longer selling new cars. Ten years ago my Ford dealer only sold brand new Ford cars. Eventually they started selling used Fords. Now they sell everything. One side of the dealership sells new Fords, the other side sells everything. My local Jeep / Dodge dealer has very few new cars on the lot. I think it's because people eventually return leased cars, and then they turn around and resell them. My last three car purchases have been lease returns - like new with 20k miles on them, but a lot cheaper.
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Yes it's definitely a problem
Car Dealer Lots Are Flush With Unsold Cars as Sales Are Expected to Drop | Wall Street Journal
"There were 3.95 million vehicles on dealership lots at the end of January, a 4% increase from December and up nearly 3% from the prior-year January, according to data released Monday by WardsAuto."