Are Your Comments Getting Better as Prices Go Higher?
Sarah Lenz2021-01-15T21:47:36+00:00The COVID pandemic certainly hit the auto industry hard last year, when new-car sales fell by a fairly steep 14.7%. Yet even as the number of vehicles sold dropped, the prices that people paid for those vehicles increased. In fact, by the end of 2020, buyers were spending more on new cars, trucks, and SUVs than ever before. And it was a similar story on the pre-owned side of the market. Now, some of that certainly has to do with inventory issues. The pandemic shut down factories around the world, which significantly lowered the supply of new vehicles on dealership [...]