At car dealerships across the country, inventory is low and prices are high. At the same time, the competitive market is providing opportunities for consumers.
As Fox 6 explained, demand for used vehicles has been accelerating faster than dealers can get cars on lots. At EZ Motorcars in West Allis, it’s slim pickings.
"When we put one car out, we sell two that same day," said Robert Emmett, manager of EZ Motorcars.
The used car dealership usually has 35 vehicles out for sale on its lot. On April 13th, it had nine vehicles.
In April, pre-owned vehicle sales were up 87% over 2020 and up 17% over 2019, according to JD Power. The average price for a used car in April was $25,500.
List prices were about 20% higher than last year, according to CARFAX.
Photo: Getty Image