A growing number of car dealers are reporting rapidly improving new car supply as manufacturers begin to put up targets.
Car Dealer has heard from a cross section of motor trade bosses who have explained manufacturers are telling them new car production is dramatically improving – and faster than predicted.
Peter Smyth told Car Dealer that he was ‘surprised’ at the swing in new car supply he is seeing with his franchises.
He said: ‘Audi has told us that from quarter two supply will be back to normal. There is a surprising amount of stock around and a lot more than I thought there was going to be.’
He added that Land Rover supply was also improving and that Honda looked set to be getting better in the second half of the year.
‘From quarter three, most manufacturers look like they will be back to normal from what we are seeing,’ he added.
Car manufacturers have been battling severe disruptions over the last two years, first with Covid hitting production and then parts supply problems.
The well documented semiconductor shortage caused major delays for car makers which they struggled to battle back from last year.
This has led to long waiting times with many new car buyers holding on for more than a year for their new car.