TAMPA BAY, Fla. — Auto dealers admit now is not the best time to buy a new car. New models are few and far between thanks to a global supply chain shortage.
A lack of microchips used in the manufacturing of vehicles is hamstringing car companies.
Automobile analytics company, Cox Automotive, projects 13 million new vehicle sales recorded in the U.S. last month. That is nearly three million less than November 2020.
“I’ve never seen anything like it,” Brian Dreggors, general manager of Imperial Motorcars in Pinellas Park, Florida, said. “It’s very challenging.”
Dreggors sells second-hand vehicles at Imperial Motorcars.
Fewer vehicles in the pipeline result in fewer vehicles on his lot.
“If you look out on the lot, we probably have about 15 cars on hand, right now, we usually have about 25 to 30,” Dreggors said.
Dreggors and other used car dealers rely on auctions from new