Though new-vehicle supply has modestly improved, supplies haven’t recovered to the degree dealers are seeking, the survey results showed.

About 71 percent of respondents said new-vehicle inventory levels for the brands they represent are not back in line with demand. Several respondents individually noted the model mix they’re getting is off or doesn’t align with the market.

Germain’s Farkas estimated that better new-vehicle sales, helped by increased production for the Honda brand, will deliver a 6 percent increase to his dealership’s bottom line in 2023.

“I believe production is going to pick up,” Farkas said. “I don’t think it’s going to be at the same level that the manufacturer’s suggesting at this point, but I do see an increase.”

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Car Dealerships Worried That US Economy Will Fail Them

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