![]() ![]() Toyota, Honda, Lexus, and Kia had 30 days’ supply or less. Mini and Dodge had over 90 days’ supply.Ī bunch of brands had normal supply at the beginning of June including Ford with about 70 days, GMC with 60 days, Nissan with 58 days, Chevrolet with 50 days.īut supply was still very tight for a few brands. Ram, Jaguar, Chrysler, Buick, and Lincoln all had over 100 days’ supply, according to Cox Automotive. Some brands have vehicles coming out of their ears: Jeep started June with over 150 days’ supply, followed by Infiniti (119 days). ![]() Over the past six months, supply has hovered in the 54-59-day range, while 60 days is considered “healthy.” By comparison, in 2019, supply averaged 90 days, when the industry was overstocked (which was a good time to buy a vehicle amid huge incentives and discounts). But dealers were overstocked back then:ĭays’ supply almost back to “healthy.” At the beginning of June, supply rose to 55 days. Inventories of new vehicles on dealer lots or in transit rose to 1.96 million vehicles by the beginning of June, up by 73% year-over-year, the highest since April 2021, and double compared to the out-of-stock period in mid and late 2021, according to data from Cox Automotive.īy comparison, in 2019, new vehicle inventory averaged 3.66 million vehicles. Those shortages have been abating, and dealers are restocking, and customers are flocking to them to buy once again. Starting in early 2021, chip shortages and large-scale production cuts were triggering new-vehicle inventory shortages across the industry that crushed sales. New vehicle inventories begin to normalize: overstocked here, out-of-stock there. These are deliveries to end users, either by dealers to their customers, or by automakers directly to large fleets, such as rental fleets. Total sales of new cars, SUVs, vans, and pickup trucks in Q2 by all automakers jumped by 17.5% year-over-year, to 4.10 million vehicles, the highest since Q2 2021. Dealers are making deals, and so Americans are piling into dealerships once again. Sales compared to the same period a year ago: Automakers are once again piling on incentives and offering special financing rates. The inventory shortages that dogged the industry in 20 are abating for most brands, and some brands are overstocked. By Wolf Richter for WOLF STREET.Īutomakers have now reported deliveries for June and/or for Q2. Average Transaction Price and Average Listing Price stuck at ridiculous levels. ![]()
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