Autos

Supply-demand imbalance bad for buyers, good for investors

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A car dealer shows a vehicle to customers at a dealership in Jersey City, New Jersey.

Angus Mordant | Bloomberg | Getty Images

Chase Weldon spent weeks researching new SUVs to get for his family. To his surprise, he spent even longer attempting to purchase one. Dealer lots were scarce and salespeople, who can sometimes be overly aggressive, weren’t calling him back.

“I was working with some dealerships across the country,” said the 44-year-old Colorado resident. “I reached out to probably 30 dealerships. … Of those 30, half got back to me.”

Many salespeople who did get back to him said the vehicle he was looking for had already been sold, or they refused to negotiate on price. “It was…



Source cnbc.com

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