The US experienced a used car shortage in the spring and summer of 2021, causing the prices of used cars to sky-rocket. Many people were selling used cars to dealerships for thousands more than they could have months before.

Requirement 1:Which inventory method would a car dealership use for tracking the purchase of a used car and why?

Requirement 2:What is causing the used car industry to have a shortage in April 2021?

Requirement 3:Do think this type of industry boom will be able to last at these kinds of levels or will there be a "bust" and car prices will fall?