"U.S. Auto Retailers Face Inventory Crisis: Despite Efforts to Boost Supply, Affordable Cars Remain Elusive. The nation's largest auto retailers are struggling to meet demand for affordable vehicles, with a tight supply of inventory reported in the second quarter. As they seek to close the gap, these retailers are turning to off-lease volume and new sourcing strategies, but it remains to be seen whether these efforts will be enough to meet the needs of cash-strapped buyers. With the auto market continuing to navigate post-pandemic challenges, the impact of this inventory crisis on consumers and the broader economy is set to be closely watched."
The six largest publicly traded U.S. auto retailers reported a tight supply of affordable inventory in the second quarter — even as they pursued off-lease volume and new sourcing strategies to close ...
