Blame a global computer chip shortage that has crippled auto production, pent-up demand caused by restrictions linked to the coronavirus pandemic, or simply a vibrant economy. Whatever the cause, one thing is certain: new cars are rare.
Cox Automotive has found that some models are almost non-existent on dealership lots. A standard metric used in the auto industry examines the theoretical number of days it would take dealerships to completely run out of a specific model, assuming supply is cut off.
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dealerships have the lowest inventories: just 18 days of supply on average, meaning lots would be essentially empty in less than three weeks if the automaker stopped shipping new cars from its factories.
The hottest Toyota is, ironically, one of the oldest designs on the market. The 4Runner SUV only has 9 days of supply left. Many of the larger Toyota dealers don’t even have a single 4Runner in stock, while some dealers ask for a list price on the off-road-oriented SUV.
Another hard-to-find model is the Chrysler Pacifica minivan, which has less than a 20-day supply.
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the general manager of General Motors,
large SUVs, including Chevrolet Suburban and Tahoe, GMC Yukon, and Cadillac Escalade, are also hard to find. Dealers on average have less than 25 days of supply for large SUVs, which can cost up to $ 100,000.
It’s unclear when automakers will be able to ramp up production to keep pace with demand, although the Biden administration has said it wants to allocate up to $ 50 billion to fill the chip shortage. .
This story originally took place on Autotrader.com.