LI dealerships deal with lack car shortage caused by pandemic
Demand for new and used cars is high, but a global computer chip shortage caused by the pandemic is keeping car dealerships from cashing in.
Gregoris Subaru in Valley Stream is typically packed with cars, but like many other dealerships around the world, there are a lot of empty spots in the lot.
Jay Sarasky has been selling cars for over 30 years and says he’s never seen anything like what is going on in the auto industry.
“This is global,” Sarasky says. “This isn’t just Subaru or Toyota or Nissan. It’s every manufacturer from top to bottom.”
At his dealership, only three cars in the showroom are still available for purchase.
Due to the lack of cars coming in from the manufacturers, there Is a longer wait time for cars and higher prices.
The average price for a new car in August was $41,528. It hit a record high of $42,802 in October.
Sarasky says the company is still seeing a dip in sales because they can’t produce enough to meet customer satisfaction.
“So, it’s not that there isn’t demand,” Sarasky says. “The supply isn’t there to keep up with where we normally do.”
Experts say it could be another year until the industry gets back to normal.