The Car Market ‘Is Insane’: Dealers Can’t Keep Up With Demand

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Some customers have balked at paying top dollar for new cars and have opted to make do with older vehicles. That has increased demand for parts and service, one of the most profitable businesses for car dealers. Many dealers have extended repair-shop hours. Mr. Ricart said he had some repair technicians putting in 10- or 12-hour days three or four days in a row before taking a few days off.

Of course, the shortage of cars will end, but it isn’t clear when.

As Covid-19 cases and deaths rose last spring, automakers shut down plants across North America from late

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