4/15/2019

U.S. Supplies of Unsold Cars at 20-Month High

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

U.S. dealers began April with nearly 4.1 million unsold passenger vehicles—their largest inventory since July 2017, Automotive News estimates.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

U.S. dealer lots last month were clogged with nearly 4.1 million unsold passenger vehicles—their largest inventory since July 2017, Automotive News estimates.

Stocks have been above 4 million units all year. A 60-day supply is considered normal. Dealers began April with a 74-day supply of pickup trucks and SUV/crossovers and a 62-day supply of conventional cars.

AN notes that 53% of inventory on April 1 belonged to General Motors, Ford and Fiat Chrysler Automobiles and their dealers. Nearly 90% of the supplies of that group are light trucks.

Dealers usually expand their stocks as summer approaches. But their inventories grew a total of 58,600 cars from February to March in spite of last month’s high annualized selling rate. The increase shows that production was still outstripping sales demand.


RELATED CONTENT