The Virginia-based used car consignment network is planning to open its second Chicago location this summer in Highland Park. The company noticed inventory at its Downers Grove location drop from 600 to 200 autos over the past few months. The semiconductor scarcity and plant shutdowns reduced new car stock by 48% year-over-year in April, a state of affairs that will doubtless get worse earlier than it gets higher, Caldwell said. As new automobiles turn into scarce, the prices rise as nicely, with a document 13% of buyers paying above sticker worth in April, Edmunds reported. Last yr, greater than 38 million used vehicles have been offered, compared with 14.5 million new automobiles, Caldwell stated. Potential customers stroll the lot at CarLotz, a used car consignment supplier, May three, 2021, in Downers Grove. Used car values are skyrocketing as new car manufacturing grinds to a halt and
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