New car sales
I have been driving all over the American South this Spring & what I see at the new car dealership lots is stunning. Most of the dealers in small & medium sized towns only have 15-20 cars on the whole lot. Big cities have more, maybe 40% of the lot is full, & the interstate dealers the most, they are the only full lots I see. I haven't checked the sales stats but new cars are plainly scarce. Dealers aren't in business to have a lot 20% full. It can only be the chip shortage which hasn't been alleviated a bit. Fewer cars manufactured means lower consumption of PGM's. $1500 Pd is still a good price for us, but man, people are spending money like mad & there just aren't enough cars being made. It's a bit troubling to see when the clout of automakers should have fixed this by now.