Chevy has 381 Day Supply of Vehicles
Sorry, folks, I let this one slip under the radar. Every month,
Automotive News [sub] publishes US new car inventory numbers. Back in
the day, TTAC’s Frank Williams stayed on top of these things. I didn’t
get it to until tonight, whilst talking to a reporter about the “rabbit
in the python” pre-C11 inventory problem (the bulge of cars that must be
sold at whatever price it can fetch before the industry can match
inventory to demand). And man oh man does it look bad. In a business
where 60 days’ worth of inventory is considered ideal, Chevrolet has a
381-day supply of, well, everything including a 142-day supply of the
new Camaro and a 381-day supply of Aveos. The Pontiac Wave (the Aveo
twin) checks in with a 608-day supply. Chrysler? Those readers who have
a vested interest in the automaker should look away now.
The TTAC Ten Worst chart topper, the Jeep Compass, boasts (if that’s the
right word) a 225-day supply, with the Patriot clocking in with a
200-day supply. Pity the poor Dodge Sprinter with its 423-day supply.
Over at Ford, the Lincoln MKS is easy enough to find with a 141-day
supply clogging the lots.
Scanning the transplants, Toyondissan have all shut off the spigot in
time, with inventories in the 60s to 80s. By matching supply to demand,
Detroit’s competitors have kept their dealers’ costs down. Even so, when
the mother of all fire sales begins, their prices and margins will fall.