Tackling ‘sparse & expensive’ situation with late-model inventory

Cars Commerce said in its 2024 Automotive Trends report there is roughly a 10.2 million-unit deficit in the number of 1- to 3-year-old vehicles expected to re-enter the pre-owned car market in the near future, leading to a “sparse and expensive” picture for dealers’ used-car inventories. How should store managers handle that situation? Brian Kramer, executive vice president at Cars Commerce and general manager of Accu-Trade, offered his perspectives during a conversation for the Auto Remarketing Podcast recorded at NADA Show 2024 in Las Vegas.