According to recent forecasts from IHS Market, inventory constraints due to the chip shortage are likely to extend through Q1 2022. However, some microchip producers have cautioned the shortage could last until 2023.
Despite these shortages, the industry is still in active recovery.
Between ongoing market changes and soaring customer demands, it’s now more important than ever dealers proactively plan ahead to overcome 2022 inventory challenges and secure their own future success.
Learn more with this checklist to gauge how your dealership can strengthen:
- Enhancing customer communication
- Defending your loyalty customer base
- Identifying new opportunities to conquest from the competition
- Leveraging your service drive as a source of pre-owned acquisitions
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