Too Many New Vehicles For Sale, Too Few HaulersMarch 15th, 2012 by Armaan Almeida
By all metrics the U.S. auto sales industry is in the midst of a nice rebound, but with this comes some new growing pains. Just as dozens of new car factories around the world were closed in the late 2000s because there was no need for their production, many of the big rigs and trains that ferry new cars from factory to dealership were put out of commission.
Now with U.S. new car sales hitting a seasonally adjusted annual sales rate (SAAR) of 15.1 million vehicles in February, there is a huge shortage of car haulers, Autoline Daily reports. Though transport companies are buying up new Class-8 big rigs as quickly as they are produced, analysts still predict a choke-up that could affect as many as 1.7 million new light vehicles this year.
To you the consumer, this means the new car with the options you want might be sitting in a shipping yard somewhere, instead of on the dealership lot. Will those hidden destination fees, which are usually around $750, rise as a result? We’ll keep you in the loop.