Here's what works for me, doing misc. mechanical and body work on my cars > oops, make that vehicles>
Kludged together (all used-yeah, recycled, you greenies) : 80 gal horizontal tank, 2 HP 240V 1728 rmp Baldor motor, 3.6 cfm @ 900rpm two-stage compressor, Load Genie mechanical unloader.
In the last 20 years, the only time this rig has been unable to keep up is when running my straight-line sander for extended periods - like 10-15 minutes straight. I run it at 120 PSI, probably much less than the compressor is capable of, but sure makes my 90PSI rated impact wrench kikas.
Even painting a whole car doesn't run it out. My sandblaster probably would , but for what I do, it runs something like 15 sec. on, a minute off.
Bottom line: I think you've got a defective compressor. Take it back.
I'm kinda proud of the scrounging I did to put my rig together, so here goes the brag: The tank came from an acquaintance who owns a body shop. The pump siezed, which blew up the motor. He had to get back in business, so a complete, new unit was the way to go. He sold me the tank for $50. I went searching for motors, didn't like one dealer's prices, but on the way out spied a stack of junkers-one was the 2HP Baldor which looked brand new, except it didn't work. How much, I asked. Five bux, he replied. About twice the scrap value in those days. It had a bad start capacitor. Another $10. Then, the pump. I scoured the want ads (no Craigs List or eBay back then!) until I found one that seemed marginally suitable. I didn't really want a 2-stage, but the price was right. When I went to look at it, it was a real all-iron monster, much bigger than I had expected. I was hesitant, but when the seller told me the story, I couldn't resist. Seems this pump had spent its live rolling up and down the Mississippi on a towboad, pumping up the air starters for the big diesels. This little pump was responsible for putting 250 psi into two 1,000 gallon tanks to bring the big towboat diesels back to life. With a displacement of 4.6 cfm, you can only guess at how long that must have taken!
It was removed and made available to the towboat operators when the diesels were converted to electric start. The seller had planned to do just what I did with it, but time caught up with him, and he realized a mobile home park is nowhere to make an auto shop. He let it go for $45. I didn't even try to bargain.
So, a total of $210 I had the basic unit. A little research revealed the need for an unloader. I decided the Load Genie was the simplest, so I got one new from Grainger for about $25. Salvaged electrical fittings, a cheapie regulator and some new copper air lines got the whole system up and running for under $300.
Bottom line (in case you missed it the first time) Your compressor is defective. Take it back.
sorry if i'm long-winded.
get it?
long ... WINDED??