Despite another year of record-high profitability, undeterred by new-vehicle inventory constraints and global supply chain woes, dealers are hesitant to praise the Biden administration, including its plan to boost U.S. sales of electric vehicles.
In fact, a majority of dealers say the transition to the current White House leadership negatively affected their businesses in 2021, according to Automotive News' 2022 Dealer Outlook Survey of 196 dealers and dealership managers.
Respondents cited soaring inflation, high gasoline prices, government regulation and a rush to EVs ahead of market demand as main drivers of their discontent during President Joe Biden's first year in office.