Blame a global computer chip shortage that has crippled car production, pent-up demand caused by coronavirus pandemic restrictions, or simply a bustling economy. No matter the cause, one thing is for sure: new cars are in short supply.
Cox Automotive found that some models are nearly nonexistent on dealer lots. A standard metric used in the automotive industry looks at the theoretical number of days it would take for dealers to run out of a specific model entirely, assuming supply was cut off.
dealers have the weakest inventories: just 18 days’ supply on average, meaning lots would be essentially empty in less than three weeks if the automaker stopped shipping new cars from its factories.
The hottest Toyota is, ironically, one of the oldest designs on the market.