Some brands’ inventory even more padded as year wanes, affordability weighs
It reported that US retail sales rose 15% while fleet sales jumped 27%.
Auto industry inventory levels sat between 1 million and 1.1 million vehicles for the sixth consecutive month in June, according to Cox Automotive.
Stellantis has suspended production at its Russian plant, which employs 2,700 people, over logistical difficulties and sanctions imposed on Moscow.
Current inventory levels rest at a 31-day supply for U.S. dealers, reports Cox Automotive subsidiary vAuto.
How fast automakers move vehicles from factory floors to showrooms will shape the sales story the rest of the year.
Automakers reported impressive monthly results, showing increases that ranged from 40% to 70% compared to unit sales during the pandemic.
