Greater Cleveland car dealers supply not meeting demand; sales in 2021 short of pre-pandemic levels

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Greater Cleveland car dealers supply not meeting demand; sales in 2021 short of pre-pandemic levels
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Northeast Ohio’s car dealerships sold 15,801 new cars and trucks in December, down from 20,427 during the same month in 2020, according tracking in 21 Northeast Ohio counties by the Greater Cleveland Automobile Dealers’ Association.

“Sales in the first half of 2021 started very strong, while vehicle availability continued to dwindle throughout the year,” said Louis A. Vitantonio, president of the car dealers’ group. “Total sales in the second half of 2021 slowed considerably. Demand is healthy, but supply and production disruptions have kept sales volume at bay.”

Data from the dealers’ associations shows that sales were high in the first half of the year. While January started off slow , sales boomed in March , April and May compared to 2020. Sales dipped 9% in July and kept trending downwards. New vehicle sales for 2021 were 236,832, only 0.34% short of 2020, but fell 5.3% short of the 250,081 vehicles sold in 2019, before the COVID-19 pandemic.“We anticipate increased supply in the coming months, but it will not outpace the demand for new vehicles for some time,” Vitantonio said.

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