Could there be a Silver Lining to 2021’s Microchip Shortage?
We ran the numbers...
"It’s October 2021 and American automotive dealerships have not only managed to survive a global pandemic, along with the transition to Digital Retail but thrive. And yet, there’s another issue plaguing franchise dealerships- an ongoing, nationwide microchip shortage. As a result, dealers are running out of new car inventory. There are simply not enough options for new car buyers. Dealerships have empty parking lots, customers are waiting months for vehicles to be built, or rethinking their vehicle preferences in favor of used cars."
Is there really something positive to be found in all this? We looked at the data and found some interesting insights into what this situation means for the F&I Industry!