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Dealers worry that continued increases will cut demand, raise stocking costs.
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Report suggests middle-class norm becoming harder to achieve.
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Dealers report elevated prices, a lack of affordable vehicle models, and higher interest rates are pricing many consumers out of new cars.
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Interest rates will continue climb, eating into inventory improvements’ effect.
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Report shows used models in particular to fall as new-car inventory improves.
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The move will affect 1,350 employees who will be indefinitely laid off at the Belvidere, Illinois, plant.
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Most reporting carmakers have supply days in the double digits.
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CDK Global offering polls U.S. customers on car availability and more.
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Subaru profit jumped 25% in the latest quarter as the automaker recovered production, ramped up sales and cashed in on favorable exchanges rates.
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The House is expected to also pass the bipartisan bill that earmarks billions of dollars to boost domestic semiconductor production.
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