Rising car prices and higher interest rates make it much harder for many Americans to buy a new vehicle than in years past. According to a new report, demand for used vehicles will likely continue rising as many consumers turn away from the new car market. However, as consumers have shifted their … [Read more...]
Car Demand is Likely to Increase in 2023: But Can Supply Chain Catch Up?
Auto supply chains are globally complex, and disruptions to the supply chain have resulted in significant hardships within the automotive sector. Many auto dealers and repair shops have felt the substantial effects of the vehicle parts shortage and lack of new inventory. With nearly every automaker … [Read more...]