Phil Spagnoli's Blog – May 2021 Archive (2)

Top 3 Digital Enhancements for Independent Dealers

The independent dealers I’ve talked to are killing it right now. They snapped up inventory before the chip crisis that continues to make finding quality used vehicles like finding a needle in a haystack. Consumer demand led to a record 10 percent increase in used…

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Added by Phil Spagnoli on May 24, 2021 at 12:54pm — No Comments

Where does this chip crisis go?

It’s popular to talk about the chip shortage – and for good reason. The blows just keep coming. First, the slash in vehicle production. Dealers who typically inventoried 600 to 700 new cars now have fewer than 50. I spoke with a dealer in California last week who literally had two new vehicles on his lot. Two!

 

Then, the subsequent soaring cost…

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Added by Phil Spagnoli on May 17, 2021 at 9:30am — No Comments

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