November Election Update: Now Comes The-Mother-Of-All-Wipeouts

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.