Inventory Days for automotive dealers is plateauing at a sub-30 level during 2022.
With July’s sluggish automotive sales results posted, a struggling market with pent-up demand may soon see that demand dissipate given the significant headwinds facing the industry.
Higher interest rates, enormous increases in new vehicle pricing, inventory and supply bottlenecks, inflation (especially at the pump), and sagging consumer confidence are all part of the dark cloud lingering on the industry’s near-term horizon.
With little reason to hope for any significant improvement in new-vehicle supplies this year, industry experts are already talking about next year or even the year after, before inventory catches up with demand sufficiently for new-vehicle prices to come back to earth.
Read the full article at Forbes:
When Does New-Car Supply Bounce Back? Not In July, Or In 2022, Either
Also worth a read, on Automotive News:
Cars Remain Scarce. Buyers Getting Scarce, Too.