Report: Automotive Dealer Inventory at Lowest Since 2011 – RVBusiness

Report: Automotive Dealer Inventory at Lowest Since 2011 – RVBusiness

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Low inventory levels in the U.S. continue to be a struggle for franchised auto dealers, as they fell again in August to 2.26 million vehicles — down another 70,000 vehicles from July and 870,000 from a year earlier, according to figures compiled by Cox Automotive, and published in a report by Automotive News.

It is the tightest industry level since October 2011, according to the Automotive News Data Center. Cox estimates that sales in August fell 19 percent — in part because the month had two fewer sales days than August 2019 — meaning the industry had a 56-day supply of vehicles.

Most automakers no longer report monthly sales or inventory levels. However, among those that do, Subaru reported just a 16-day supply of vehicles, while Toyota, Hyundai-Kia, Honda, Mazda and Volvo all had at least a 40-day supply.

Cox estimates that luxury-brand inventories saw the sharpest declines in August, dropping to a 56-day supply from 65 days in July. Slowed model-year changeovers also are impacting supply levels, with only 2.5 percent of current inventory representing the 2021 model year, compared with 19 percent of inventory levels a year ago.

Click here to read the full report.




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