[Next Level Auto Brokers]

COVID19 has really turned the luxury car market upside down in the Northeast.

My dealers are scratching their heads to the pent up demand from all these lease returns. No one is looking to downgrade despite not having anywhere to go and despite fears of unemployment.

The used car market here also has also be decimated. One dealer put it, because no one wants to take public transportation anymore in the NYC area, people are forced to buy cars.

My loaner list is normally 50+ cars deep on any given month...I have 8 I'm waiting to post up.

It's crazy because people were expecting covid specials and dealers want to dump inventory, but after a strong May program, dealers are scaling back discounts because there is little to no inventory. It will be that way for at lease 2-3 more months as production ramps back up, hopefully.

A huge thanks to the members here as we did some serious damage last month!