Vehicle Inventories on the Rise
New-vehicle inventories were back on the growth track last month after a slight deviation in January, rising despite strong demand as production continues to recover, according to estimates from Cox Automotive and the Automotive News Research & Data Center. Cox estimated U.S. inventories at 1,828,290 in its most recent assessment, a 58-day supply, up from the 1,726,828 vehicles, or a 57-day supply, it said were available for sale the previous month. The inventory figure is about 73% above where it was a year earlier but about 850,000 vehicles less than the same point in 2021, right before inventories started falling precipitously.
Ford Motor Co. continued to have the highest days’ supply among reporting automakers, and along with American Honda and Volvo were the only reporting automakers to have at least a 30-day supply.