The Virginia-based used car consignment community is planning to open its second Chicago location this summer in Highland Park. The firm saw inventory at its Downers Grove location drop from 600 to 200 automobiles over the previous few months. The semiconductor scarcity and plant shutdowns reduced new car stock by 48% year-over-year in April, a state of affairs that may likely get worse before it will get better, Caldwell stated. As new vehicles turn into scarce, the prices rise as well, with a document 13% of consumers paying above sticker price in April, Edmunds reported. Last year, greater than 38 million used vehicles had been offered, compared with 14.5 million new cars, Caldwell stated. Potential prospects stroll the lot at CarLotz, a used car consignment dealer, May three, 2021, in Downers Grove. Used car values are skyrocketing as new car manufacturing grinds to a halt and stock
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