As if you needed any more proof that the Cash for Clunkers program was a success — It was recently made known that dealers across the United States have reached their lowest inventory levels since 1975. And, while this may seem like a bad thing, this is great considering the slow auto sales caused by the recession.
However, this isn’t all peaches, considering demand is expected to shrink a hefty amount considering there are no more Cash for Clunkers incentives. Luckily though, due to the low inventory, automakers will now be able to supply dealers with an appropriate amount of vehicles to keep up with demand. So, in turn, there won’t be a ridiculous amount of cars sitting on the lots which got us into this mess in the first place.
via kickingtires
Tags: Auto Dealers, Cash for Clunkers, dealers, dealerships, economy, inventory, recession