The Virginia-based used car consignment community is planning to open its second Chicago location this summer time in Highland Park. The firm noticed stock at its Downers Grove location drop from 600 to 200 vehicles over the past few months. The semiconductor shortage and plant shutdowns lowered new car stock by 48% year-over-year in April, a situation that will likely worsen earlier than it will get better, Caldwell mentioned. As new automobiles become scarce, the costs rise as nicely, with a record 13% of consumers paying above sticker price in April, Edmunds reported. Last year, more than 38 million used vehicles were offered, compared with 14.5 million new cars, Caldwell mentioned. Potential prospects walk the lot at CarLotz, a used car consignment dealer, May three, 2021, in Downers Grove. Used car values are skyrocketing as new car production grinds to a halt and stock dries up amid
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