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Car buying is not what it used to be, as shoppers find bare lots and inflated prices.You won t find many discounts either. Carmakers and dealers are reporting strong profits. That s prompting some economists to believe the current system could be the future. This trend of vehicles becoming more and more expensive is something that is going to be entrenched, said Charles Chesbrough with Cox Automotive.Federal data showed new car prices soared 30 percent over the pandemic. Production obstacles, like the global chip shortage, are driving up prices.Chesbrough said many carmakers have focused their manufacturing solely on vehicles that ll make them the most money. So they re not making small compact cars, that type of thing, which generally have a very low margin. So that means the price of vehicles on average is much higher, he said
stanley cup .He says there s very little reason to think the car industry will go back to how it was. In fact, franchised dealers recently surveyed by Cox reported strong profits despite having fewer cars to sell. This lean and mean environment has been very beneficial, and they re going to try to k
stanley vaso eep it going as long as they can, Chesbrough said.So what does this mean for us Be prepared to pay top dollar because finding exactly what you re looking for will be challenging.Chesbrough said you need to think long-term to get the most for your money. But with how things are going, he said many Americans will be priced out of
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At Tivoli Brewing Company, canning beer has gone from celebratory to an almost sobering experience. This sucks, said Ethan Tsai, Tivoli brewery director.Tsai says Tivoli and other breweries across the country are suffering from an aluminum can shortage. We dont have enough cans, were not going to be able to sell enough beer, he said. This is going to be a financial pinch to a whole lot of people. On a normal week, Tivoli would turn out almost 400 cases of beer. During the last few of weeks, however, theyre struggling to get out 100. Sales is going to suffer, Tsai said. And if sales suffer, then our ability to survive is going to be jeopardized. Experts say there are several reasons for this shortage in cans. More people are stocking up on beer in stores and taking it home during the COVID crisis and less customers are going out to bars a
botella stanley nd restaurants.Whatever the case, production of cans isnt keeping up with the demand. For the year 2020, Tsai said, Ball Corporation is estimating approximately 10 billion, thats billion with
stanley tumbler a B , aluminum can shortage. Ball Corporation is one of the worlds leading aluminum can providers. Its responding to the recent surge in demand for cans by expanding its operations and building two news production plants which they say should be completed by 2021. It might mean that some brewers get less revenue
stanley mugg and have to make more difficult choices, said Bart Watson, chief economist with the Brewers Association, an organization representing
