Rising demand for used cars in the U.S. has pushed prices up and placed dealers in a competitive position as they seek to buy more vehicles. “We actually have an issue now, which is that we don’t have enough inventory,” said George Arison, co-CEO of online used-car seller Shift. Autoblog said Shift’s sales rebounded to pre-COVID-19 levels by late April. Consumers typically eye used vehicles during uncertain times, and particularly in the U.S. (Source: Autoblog) Read the original article…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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