Rick Ricart is expecting nearly 40 Kia Telluride sport utility vehicles to arrive at his family’s dealership near Columbus, Ohio, over the next three weeks. Most will be on his lot for just a few hours.
To pedestrians shuffling by, the used car dealership likely appears plenty full, with coupes and sedans parked bumper to bumper. But in fact, Tarin says his inventory is down as much as 35 per cent compared to pre-pandemic levels.
It’s a good idea for consumers buying a new car, or buying or selling a used car, to have some idea of what’s happening in the used-car market. Since most buyers have a trade-in, the more you get for your trade-in, the less your monthly payment will be.