Popular trucking auto parts chain closing, no bankruptcy yet
A major provider of auto parts for the trucking industry shuts down operations.
The Covid-19 pandemic had a huge impact on the automotive industry as manufacturing plants stopped making vehicles in March 2020 and slowly resumed operations in May 2020 under strict social distancing and sanitation requirements..
With a lack of inventory coming into automobile dealer showrooms, after two months of shuttered manufacturing plants, prices on the existing new vehicles increased dramatically as the supply of cars and trucks began to shrink.
