How is that? How are they staying in business? Is the US government secretly subsidizing the auto industry while we “transition”?
The Ford, Chevy, Toyota, Mazda and Cadillac/GMC dealers here all have practically empty lots. The only vehicles they have are a few high end 4WD Trucks that nobody needs.
The local Cadillac/Buick/GMC dealer did something unusual to try and get sales, they apparently went out and bought a dozen used Corvettes and have them lined up across their front lot............
It has been, but indirectly through ultra-low interest rates. Now that rates are rising sharply and the price of new cars has shot up into what used to be the second home price range, I expect sales to collapse along with the affordability of the 7 - 10 year "car mortgages" the dealers have been offering. Meanwhile the used car market will be hit with a glut of repos when the recession bites.