Dealerships were able to markup their prices to a peak of 144.7% between December 2019 and December 2022 according to the research.
in the agency’s Monthly Labor Review journal this month, that car dealerships were well-positioned to markup vehicles given their place as a thoroughfare of the country’s vehicle supply between manufacturers and consumers. The covid-19 pandemic leAmerican consumers with a bit of extra cash
to spend. The middlemen—the dealerships—saw an opportunity and were able to markup their prices to a peak of 144.7% between December 2019 and December 2022 according to the research.“What we saw with the supply-chain crisis is that dealerships were able to reassert their position as an inventory management system,” Michael Havlin, an economist at the U.S.
was enough to flip that dynamic, giving dealerships leverage over consumers. While pandemic shutdowns saw manufacturers outputting less cars, dealerships had enough extra inventory to weather that slowdown. Likewise, the extra money consumers received from stimulus checks encouraged them to purchase physical goods, like cars, leading to increased consumption.
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