Dealers scramble to deal with growing new-car inventories

Government Auctions
A Honda dealership in Erie, Penn. Abandoned factories, forgotten shopping malls, and undeveloped parcels of land have become parking lots full of new cars as dealers try to figure out what to do with mounting inventories of unsold vehicles. As of April 1, dealerships in the U.S. had 4.2 million unsold new cars waiting to find buyers, Automotive News reported Tuesday. Although the…

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