The more officialdom fiddles with the economy, the more stuff goes awry or even kerflooey. The latest instance is the new auto market, where vehicles for sale are still ultra-scarce but even then dealers have the wrong models on their showroom floors.
At the macro-level, the number of vehicles on dealer lots stood at 1.13 million at the end of May. That’s down by an astounding 70% (2.68 million vehicles) from the same period in 2019. Back then in fact, dealer inventories averaged 3.66 million vehicles.