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Every year, car dealers prepare for a busy spring sales season, anticipating a higher demand and strategically loading up on inventory. This dealer had followed that pattern, expecting to sell a significant number of cars during this peak time. However, only a month and a half later, his lot has been greatly diminished, leaving him with too few vehicles to meet ongoing demand.
With many dealers facing similar woes, the market is experiencing a significant strain. After selling off considerable stock, restocking has become a challenge as the auction prices have surged due to heightened demand from other dealerships attempting to replenish their inventories.