The Three Year 'Pinch' Is Helping New Car Sales
By Phil LeBeau, CNBC Correspondent
NEW YORK (CNBC) -- Call this another example of the boomerang effect from the auto downturn three years ago now helping out an industry on the rebound.
It's the three-year pinch in used vehicle supply that is creating a lack of options for car buyers.
So buyers who might have bought a 3- or 4-year-old vehicle are instead expected to rotate over to the new car showroom. Essentially, the pinch in the supply of 3-year-old used vehicle is expected to further fuel new car sales.How much? That's hard to say.
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