According to Toyota executive vice president of sales, Jack Hollis, the car shortage is going to continue until late 2023. Speaking to the Automotive Press Association, Hollis said: “We’re going to be dealing with this for one more year. I do not believe we’re going to see growing dealer stock for one more year.” Hollis went on to predict that even when supply chain woes are fully addressed, the dealer model will never return to the way they were with lots full of cars waiting to be delivered to customers. Hollis also defended Toyota’s plans to continue to offer a wide range of vehicles, including hybrids in the years ahead saying it is the best approach to reduce emissions.  “In my experience over 31 years in this industry, when government and others start telling customers what they must have, consumers start to push back.”

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