Duane Paddock is used to carrying upwards of 800 vehicles at his self-named Chevrolet dealership near Buffalo, New York. But …
U.S. auto sales are expected to nose-dive in September, driving purchases of new vehicles down in the third quarter.
Car dealer profits are so high, that for now, they’re more than making up for a drop in auto sales volume due to a computer chip shortage.
Sales of new vehicles in the U.S. are expected to close this year down at least 15% compared with 2019.