Online shopping has changed how people buy cars
Car shopping is not going to get much easier anytime soon, according to an executive at the world's largest automaker.
Toyota's executive vice president of sales, Jack Hollis, told the Automotive Press Association on Thursday that he does not expect the supply shortage to ease up until late 2023.
"We're going to be dealing with this for one more year. I do not believe we're going to see growing dealer stock for one more year. I think we're going to be in a situation, speaking for Toyota and Lexus, where whatever we wholesaled is what we'll retail," Hollis said, according to Automotive News.
"In my experience over 31 years in this industry, when government and others start telling consumers what they must have, consumers start to push back," Hollis said, adding that Toyota "may not move first, but it will move best."
Car shopping is not going to get much easier anytime soon, according to an executive at the world's largest automaker.
Toyota's executive vice president of sales, Jack Hollis, told the Automotive Press Association on Thursday that he does not expect the supply shortage to ease up until late 2023.
"We're going to be dealing with this for one more year. I do not believe we're going to see growing dealer stock for one more year. I think we're going to be in a situation, speaking for Toyota and Lexus, where whatever we wholesaled is what we'll retail," Hollis said, according to Automotive News.
"In my experience over 31 years in this industry, when government and others start telling consumers what they must have, consumers start to push back," Hollis said, adding that Toyota "may not move first, but it will move best."
Toyota exec says car shortage will last another year and shoppers may reject EV push
Toyota's head of sales, Jack Hollis, expects the supply crisis to continue for another year and that the industry will never return to pre-shortage norms.
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