Part 4/8:
The Ripple Effect of Rising Prices
Current trends show that manufacturers, particularly in the new car sector, are grappling with sales issues. These challenges lead to a diminishing supply of trade-in vehicles, which triggers an increase in prices. As demand for new vehicles remains shaky while prices climb, dealers are left in a precarious position. The long-term effects could lead to fewer trade-ins and, consequently, fewer opportunities for dealers like him to replenish stock.