Luxury pre-owned cars play new role during pandemic

Some good news as we put the past year in our rearview mirror: The U.S. auto industry will be entering 2021 with momentum generated in the last quarter after the coronavirus pandemic put the brakes on business earlier in the year.

“The model-year rollover was significantly disrupted over the spring and summer as factories and offices closed,” said Charlie Chesbrough, Cox Automotive senior economist. “However, the production and distribution of model year 2021 vehicles has since recovered and is now nearly at the same levels as last year.”  

Of all inventory available in early December, 53 percent was model year 2021, which was just shy of the 54 percent of offerings available a year ago, Cox Automotive data showed.

But, when new-car production, inventory and sales were affected by the pandemic, many dealers began placing additional emphasis on the used-car side of the business to close the gap. 

Take Nimnicht Buick GMC on Philips Highway for example. 

General Manager Jackie Lynch is proud to offer high-end Mercedes-Benz and Porsche models in the dealership’s new Nimnicht Luxury Collection at Nimnicht Buick GMC on South Philips Highway.

“Like other dealers, new-car inventory was down, so far down because of COVID,’’ said Jackie Lynch, general manager at Nimnicht Buick GMC on South Philips Highway for the past 13 years. “We had to find some way to fill that gap, so we began looking for opportunities on the used-car side. We already do a great job with GM Certified. But one thing we really hadn’t dipped our toe into was the luxury side of the market.’’