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SEARCHThough days’ supply far exceeds a year earlier, it fell for the month.
IMAGE: Pexels/Vraj Shah
Healthy spring new-vehicle sales in the U.S. ate into inventory last month, chopping down days’ supply.
Supply rose only marginally from 2.74 million units to 2.77 million but was up 46% year-over-year, Cox Automotive said. Days’ supply ended down seven days month-over-month to 72. That’s still 30% above a year earlier.
Models priced under $40,000 had the lowest supply, and Toyota was the brand with the least inventory at 33 days’ supply, Cox said.
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