zzdcar
Home
/
Reviews
/
Buying
/
Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots
Dealers Now Have Nearly Two Million New Cars Sitting On Their Lots-January 2024
2024-02-19 EST 22:09:15

: In an aerial view, the Mak Haik dealership is seen on December 14, 2022 in Houston, Texas.

in the U.S. is continuing its as production around the world recovers. According to , that trend was no different in June, and .

Data from Cox Automotive, reported by Auto News, says that there are an estimated 1,953,512 vehicles sitting unsold on right now. That works out to a 53-day supply – which is up 75 percent from the same time just one year ago. It’s also up very slightly from a month earlier when supply stood at 1,928,619 vehicles. Cox reportedly generates this data by looking at the sales rate from the previous 30-day period.

The big reason for this 53-day average supply comes down to one thing: EVs. According to the outlet, those vehicles have a 103-day supply. That makes it the only segment other than to have supplies on the other side of 100 days. However, Cox does point out that were close at 99 days, but that’s not really that surprising.

On the flip side of the coin are c. They reportedly have the s.

From Auto News’ reporting, it can be asserted that inventory levels were the lowest among lower-priced vehicles, and stock seems to grow in proportion with price. That’s not too much of a surprise. I mean, who really has the money to buy an expensive car right now? Exactly. No one does. Another interesting little factoid is that and have nine of the top 10 nameplates with the smallest supply.

Auto News reports that among the seven automakers who still report monthly sales and inventory figures, six saw their days’ supply level increase last month between one and four days. Only stayed level.

So, if you want a deal on the car, we may not be where we were a few years ago, but things are starting to get back to normal-ish.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Buying
My Old Ford Ranger Is Rusting Away! What Car Should I Buy?
My Old Ford Ranger Is Rusting Away! What Car Should I Buy?
It seems that Evan’s beloved 2004 Ford Ranger has finally succumbed to winters in the Northeast and may not pass inspection due to the rust. It’s time for another vehicle to haul stuff and do light off-roading. What car should he buy? (Welcome back to ? Where we give real...
Jan 1, 2026
At $4,500, Could This 1994 Acura Legend be Accurately Priced?
At $4,500, Could This 1994 Acura Legend be Accurately Priced?
Acura started to lose its way back when they decided to lose their model names. Today’s Legend hails from the before-time, but will its price mean it’s quite the find? Which do you prefer—to get the bad news before the good news, or visa-versa? Whatever your disposition, there’s no getting...
Jan 1, 2026
At $4,500, Could This 1999 BMW M3 Convertible Have You at Hello?
At $4,500, Could This 1999 BMW M3 Convertible Have You at Hello?
There is perhaps no automotive name more reverent than that of BMW’s M3. Today’s E36 M3 droptop presents with a bit of a tarnished halo. Let’s see if it’s been priced accordingly. Cosplay, the practice of dressing up like your favorite Anime or video game character is big these days....
Jan 1, 2026
This Jeep Grand Wagoneer-ified Suzuki Jimny Is Cute and Wonderful and for Sale
This Jeep Grand Wagoneer-ified Suzuki Jimny Is Cute and Wonderful and for Sale
An old-school boxy kei-car is a cool thing all on its own, but if you slap some -esque vinyl wood trim on the sheetmetal and bolt on a bit of chrome, well, that brings it to the next level. That’s why this one for sale right now, with a top...
Jan 1, 2026
How Do I Get the Best Deal on a Car That's Not Even Out Yet?
How Do I Get the Best Deal on a Car That's Not Even Out Yet?
As Jalopnik’s resident car buying expert and professional car shopper, I get emails. Lots of emails. I’ve decided to pick a few questions and try to help out. This week we are discussing getting the best price on a car that hasn’t yet hit the lots, buying a reasonably priced...
Jan 1, 2026
Please Gather 'Round, We Need To Praise This Frankenstein Six-Speed Range Rover
Please Gather 'Round, We Need To Praise This Frankenstein Six-Speed Range Rover
Faced with a blank canvas of a car, very few create true art. But this Range Rover, with a six-speed manual out of a BMW M6, some brakes from a Porsche and some brakes from a Genesis, and a turbo for a snout, is definitely art. Most modified cars annoy...
Jan 1, 2026
Copyright 2023-2026 - www.zzdcar.com All Rights Reserved