Bloomberg: The World Doesn’t Need so Many New Cars | MotorBiscuit

As the automotive industry struggles to keep up with demand amid supply chain issues and semiconductor chip shortages, does the world really need this many new cars? Dealership lots used to sit full of vehicles that would remain there until enough incentives persuaded someone to take it home. Now, dealership lots sit empty as vehicles wait for parts elsewhere.

New car demand is high but inventory is still low

Do we need so many new cars? | Zhou Zhiyong/VCG via Getty Images

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