Waikem has become the expert on finding used cars in a nationwide used car shortage. Doug Waikem was in the Wall Street Journal last week, discussing what we are doing to find cars in this market. Following the Wall Street Journal and Yahoo articles, Doug was guest on Fox Business Friday afternoon.
Speaking on Market News, Doug Waikem said available used car inventories are down 20 percent across the country. He said programs like Cash for Clunkers, along with slow new car sales at the end of the 2000s decade, have dealers scrambling to find used cars. As Doug told Fox Business: “We’re out there right now trying to buy anything and everything we can in the used car market.”