Leo Michael Cartoons
Supply constraints that have suppressed vehicle inventories for two years appear to be easing, meaning dealerships soon may have more vehicles on the ground. More choices will mean heightened competition, so some dealerships introducing newer employees to the fundamentals of selling.
For dealers, having unsold inventory brings additional carrying costs with added floorplan expense. But it also means a return to a more traditional form of automotive retail.
CarMax, Carvana and Vroom will not air advertisements during Super Bowl LVII. Carvana made a splash last year with a 30-second spot, while Vroom aired commercials in 2021 and 2022.
The U.S. Treasury Department says that electric vehicles leased by consumers starting Jan. 1 can qualify for up to $7,500 in commercial clean vehicle tax credits, a decision that makes those assembled outside North America eligible.