They hit their lowest level the following month, dropping to simply under 830,000, Cox mentioned. “All of the blacktop still kind of bothers me,” Steve Gates, the incoming Toyota National Dealer Advisory Council chairman, advised Automotive News this month. “This is bizarre, but I’m more comfy paying plenty of floorplan expense and seeing automobiles.” Gates’ firm, Gates Automotive Family, operates 11 dealerships in Kentucky, Indiana and Tennessee, including three Toyota shops. New-vehicle inventories are starting to construct again — and relatively quickly — because of a combination of low incentives and higher rates of interest which have kept hundreds of…