Worldwide shortage of microchips slowing down new car production and deliveries.
New car inventory low is driving up used car prices.
Good time to get high trade in value, if dealer has what you are looking for on the lot.
But companies slowly reining back incentives.
Hard to give incentives for inventory you can’t deliver.
So, interest rates being affected and discounts shrinking.
But making for opportunities to find great used vehicles.
Example here. We took this 2020 Platinum F250 Tremor on trade this morning.
Only a bit over 7000 km.
With low supply, we’re not wholesaling it.
Keeping on lot for retail sale.