The original article can be found here.
Article highlights:
– A semiconductor shortage has impacted new vehicle production;
– New vehicle production fell by 4,6% in Q1 of 2021
– Rental companies resort to purchasing pre-owned vehicles. Prices soar;
– Prices of pre-owned vehicles currently 52% higher than they were a year ago;
– Rental companies business model of bulk purchasing new vehicles, using them for a year and then selling them at auctions is under pressure.
