US vehicle inventory is down 37%, to 2.24m units compared to the same period to the end of April in 2020, according to analyst firm Cox Automotive.
The squeeze is down to a strong recovery in vehicle sales at the same time that production output is being hit by the current semiconductor supply shortage, something that is expected to last into next year.
That combination of strong demand and low inventory is driving up sales prices, which are now 3.8% above 2020 and 7.9% more than 2019, according to the analyst.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
By creating your account you will be able to stay up-to-date with the latest industry developments, trends and analysis, read in-depth reports and intelligence, and connect with your peers.
Creating an account gives you:
Gain access to our exclusive content and features register free today
Non-registered users are able to access one AL exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
The Glovis Sun was delivering vehicles from South Africa last July 18 when it was found to be infested with a large population of wolf spiders
The majority 97% stake in Gram Car Carriers, which has a fleet of 17 PCTCs, is valued at around $693.3m
Cosco Shipping Specialized Carriers has deployed two 7,500-CEU, dual-fuel pure car and truck carriers on international routes
![Global[1]](https://d3n5uof8vony13.cloudfront.net/Pictures/web/a/d/s/global1_726550.svgz)
