Rental car companies that sold off thousands of cars during the pandemic to survive are now in the market to buy cars and trucks. “Never, never, never.”His dealerships normally have 600 to 700 cars in stock. Dealers said virtually everything was selling, from luxury vehicles and sports cars that cost more than $100,000 to basic used cars that many parents buy for teenagers. Some automakers like Toyota, which has been less affected by the chip shortage than others, are advertising zero-interest loans on some cars. Mr. Ricart’s family businesses include a custom shop that sells high-end, special-edition trucks and sports cars.

Source: New York Times July 15, 2021 17:50 UTC