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[Link] KTBS-ABC, SHREVEPORT, LA. - Over the past few years, auto dealerships have been in the headlines - from chip shortages causing backups in car orders to auto workers going on strike. But the leader of the Louisiana Automobile Dealers Association said things are looking up. "Inventory is finally there, so the outlook is positive now,” said Coulter McMahen, LADA president & CEO. The chip shortage is no longer causing delays in inventory and automotive dealers said prices are leveling out. For consumers, that means a wider selection and no more hiked prices. "I think obviously with the new car market and the inventory that is now available that wasn't previously available, you see that the new car market is now just as strong as the used cars,” said McMahen. So now, they're looking ahead to the future of the industry, starting with this legislative session. "Think you're going to see a lot of bills aimed at tackling the insurance crisis that's currently facing Louisiana. Wherever we can step in and help we certainly will, because auto and property insurance and garage liability insurance is out of control,” said McMahen. The group is visiting with owners of dealerships across the state, hearing their concerns and updating them on how the industry is doing in the state.
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KTBS-ABC, SHREVEPORT, LA. - Over the past few years, auto dealerships have been in the headlines - from chip shortages causing backups in car orders to auto workers going on strike. But the leader of the Louisiana Automobile Dealers Association said things are looking up.
"Inventory is finally there, so the outlook is positive now,” said Coulter McMahen, LADA president & CEO.
The chip shortage is no longer causing delays in inventory and automotive dealers said prices are leveling out. For consumers, that means a wider selection and no more hiked prices.
"I think obviously with the new car market and the inventory that is now available that wasn't previously available, you see that the new car market is now just as strong as the used cars,” said McMahen.
So now, they're looking ahead to the future of the industry, starting with this legislative session.
"Think you're going to see a lot of bills aimed at tackling the insurance crisis that's currently facing Louisiana. Wherever we can step in and help we certainly will, because auto and property insurance and garage liability insurance is out of control,” said McMahen.
The group is visiting with owners of dealerships across the state, hearing their concerns and updating them on how the industry is doing in the state.