Inventory Dips in January
Sales bump shaves supplies, especially in compact, midsize segments.
Inventory was more plentiful for electric models, full-size vehicles and sports cars.
IMAGE: Torsten Dettlaff
The new year brought a small dip in new-car inventory after months of increases, according to Cox Automotive data for January.
The company attributed the dip to a rise in vehicle sales.
An estimated 1.7 million vehicles, or a 57-day supply, made up U.S. inventory in January, Cox says, down from 1.8 million and a 58-day supply in December.
That’s still more than 60% greater volume than a year earlier, though well off normal, prepandemic levels.
Inventory was more limited in the compact, midsize and subcompact segments and more plentiful for electric models, full-size vehicles and sports cars.
Originally posted on Auto Dealer Today
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