Page 67 - BusinessWest August 18, 2021
P. 67

          Mike Kuzdzal says his lot in Chicopee has historically boasted more than 400 total vehicles, new and used. Now, there are often fewer than 100 of each.
because many consumers still have money to spend, and it’s burning a hole in their collective pockets. Meanwhile, used cars are also in short supply. Most dealers report total inventory (new and used cars) to be one-quarter to one-third of what would be considered normal, with many
being able to count new-car inventory using just two hands — with a few fingers left.
• Factory ordering becoming the new way of doing business (see above for the reason why, and see the related story on page 68).
“We went from trying to jump- start the auto industry after COVID happened — we had these great incentives and offers for customers who maybe weren’t in the market to incentivize them tobuyacar—tonownoteven having the inventory levels to support that. It’s been a wild ride.”
• A complicated used-car market that is finally starting to level off in some respects. Still, cars are hard to find, dealers are going to great lengths to find them, and they must be careful not to pay too much and risk watching the market change quickly and profoundly.
• Even some workforce issues. Indeed, dealer- ships are not immune to the challenges facing businesses in seemingly every sector when it comes to hiring and retaining workers.
   baliseauto.com
LOOKING TO GET OUT OF YOUR VEHICLE LEASE?
ANY Mileage, Condition, or Number of Payments!
 Going on now at ALL Balise locations.
You may even walk away with money in your pocket!
Amount owed by you or paid to you upon lease termination is dependent upon your vehicle’s current value and certain other factors. Value may be affected by mileage over or under your lease’s agreed upon amount (prorated for the length of time you have leased the vehicle), the condition of the vehicle (damage, missing items, etc.), and the residual value indicated on your original lease contract. Vehicle lease return to same brand dealership may be required by certain manufacturers. Disposition fee or other fees (if applicable) may apply. See dealer for complete details.
      AUTO SALES
AUGUST 18, 2021 67
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