Lots

Car shopping isn’t likely to get easier, as chip shortages deplete auto dealers’ lots

For the next few months, Charlie Gilchrist figures his 11 car dealerships in Dallas-Fort Worth will sell just about every new vehicle they can get from the factories — and at increased prices.

In normal times, that would be cause for joy. Not so much now.

A global shortage of computer chips has forced automakers to slash production. The result has been far fewer vehicles on dealer lots, just as the waning pandemic has fueled pent-up consumer demand for cars, trucks and SUVs.

With shrunken supply and robust demand, dealers like Gilchrist could sell many more cars and trucks, if only they had more. Even at elevated prices — the average new-vehicle sales price tops $40,000, up nearly 10% in two years — customer demand exceeds supply.

“It’s pretty evident when you pull onto our lots that there’s not much selection,” said Gilchrist, whose lots carry brands ranging from General

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Avis Budget Group, Century Aluminum Company, Diebold Nixdorf, Asbury Automotive Group and Big Lots

For Immediate Release

Chicago, IL – July 16, 2020 – Stocks in this week’s article are Avis Budget Group CAR, Century Aluminum Company CENX, Diebold Nixdorf DBD, Asbury Automotive Group ABG and Big Lots BIG.

5 Stocks Looking Promising on New Broker Upgrades

At the time of designing their portfolio of stocks, investors solely aim at raking in the bucks, irrespective of the surrounding conditions. However, the task seems onerous as picking the perfect bets from a plenty of options in the market is never easy. Choice of improper stocks can adversely impact his/her returns, thereby ruining the very objective of investing the hard-earned money in the highly unpredictable stock market.

Brokers to the Rescue

To combat the above uncertainty, investors more often than not rely on the guidance provided by brokers who are deemed experts equipped with thorough knowledge on the field. Brokers, irrespective of their types (sell-side,

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